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Business Reporter
Listed clothing retailer, Edgars Stores Limited, has appointed Tjeludo Ndlovu as its chief executive officer effective July 1, 2020.
A chartered accountant, Ms Ndlovu joined Edgars eight years ago as group financial accountant, a role in which she doubled as company secretary.
She was elevated to managing director for the Jet chain before becoming managing director for the Edgars chain.
Her appointment comes at a time the economy and the retail sector is battling effects of low disposable incomes due to high inflation, compounded by effects of Covid-19 pandemic.
“The board is confident that she will be equal to the task at hand,” said the group in a notice to shareholders.
The group also appointed Bright Ndlovu as chief finance officer with effect from June 1, 2020.
A qualified chartered accountant, Ndlovu is also an associate chartered management accountant (CIMA) and a holder of a Master of Business Leadership with the University of South Africa (UNISA).
He joined the group in 2011 as the group credit executive and led management of the group’s micro-finance unit – Club Plus, which has experienced significant growth.
Of recent, Ndlovu led the transformation of the group credit info a financial services division.
“He is therefore well versed with the group’s management systems and will provide a significant measure of continuity in the department,” said Edgars.
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