Former Business Connexion (BCX) CEO Peter Watt has been appointed deputy chairman of Itec Distribution, bringing with him extensive strategic and leadership skills.
Watt was deputy chairman of the Altron Group from 1993 to 1997. He then served as CEO of Dorbyl Automotive Technologies until 1999, when he was appointed CEO of Comparex Africa and a director of Comparex Holdings. He became CEO of Comparex Group, which subsequently merged with Business Connexion.
“Itec is an entrepreneurial success story,” says Watt. “Having been with large public companies most of my life, I look forward to helping the management team of this growing business to achieve their objectives and roll out key projects that are designed to enhance Itec's market position.”
Watt's primary function at Itec will be the development of business strategy, executive development and mentoring and assisting in the establishment of governance committees. He will also watch over and guide the company's expansion into the overseas market.
“I have extensive experience in making acquisitions, both here and in the UK,” says Watt. “Having been through that loop a number of times, I am able to advise and support the process.” Watt will also be available to mentor and coach the management team, as they prepare for the company's next growth phase.
Itec is one of South Africa's foremost providers of office automation (OA), production printing, telecommunications, power and financial solutions. The company also imports and distributes industry-leading and award-winning OA brands.
“It's a great advantage for us to have someone of Peter Watt's calibre on board,” says Jacques Duyver, founder and chairman of Itec. “We will be drawing on the huge amount of intellectual capital he brings as we roll out our international expansion strategy and continue to successfully increase our domestic footprint.”
Watt graduated from the University of Witwatersrand in 1964, with a Bachelor of Science degree in Chemical Engineering, and has completed a Master of Business Leadership degree through the University of South Africa.
He is a founder member of the National Economic Forum and Business SA, as well as a former member of the Presidential National Commission for ICT.
For further information about Itec, please visit http://www.itecgroup.co.za.
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