International Panel Judges
CFO, Johannesburg Stock Exchange (JSE) Limited
Aarti Takoordeen is a Chartered Accountant, CA (SA) and has been the CFO and Executive Director of the Johannesburg Stock Exchange (JSE), Africa’s leading Stock Exchange, since 2013. At the time of her appointment, she was the youngest CFO of a JSE-listed company. In 2014, she won the coveted CFO South Africa Award for Young CFO of the Year, for her meteoric rise to prominence.
Aarti was more recently selected as a Young Global Leader by the World Economic Forum and is excited about creating a positive impact within the Finance industry on the greater continent. Her prior experience has been mainly within a multinational company environment, including Hewlett-Packard, where she worked as Finance Manager for their services division and Johnson Controls International, where she was the Finance Director for Middle East and Africa.
Why did we select Aarti to serve on our international panel of judges?
Aarti played a key role as judge in the 2016 edition of the competition -asking biting questions around pertinent transfer pricing, political risk and socio-economic implications of group strategy –and hence, she brings invaluable experience in judging a global case study competition set within an emerging market multinational context.
Her multinational experience places her in a unique position to appreciate the challenges our case company –AMANGO -faces across a number of international markets and operations in Brazil, Canada, Australia and South Africa. In particular, AMANGO; with multiple listings on the Johannesburg and London Stock Exchange, closed 2016 with a precarious debt burden and the worse losses in the last 10 years –on the back of plunging commodity prices resulting from a global recession and downturn in China –made worse by a credit downgrade by a number of international rating agencies, including Standard and Poor. The global giant was 2016’s worst performer on London’s Financial Times Stock Exchange (FTSE) 100 equity index –with a market value collapse of 75% -and it is facing possible ejection from the index in a months’ time.
We needed an executive from a multinational background - with the savvy, intellect and strong exposure to the strategic challenges of regaining market confidence and stabilising a company’s position on an equity market. Furthermore, Aarti’s CFO & Executive Directorship of Africa’s symbol of capital market efficiency and economic growth -the JSE, should have a symbolic appeal. Her personal accomplishment as Young CFO of the Year Award winner is not only iconic but continues to exemplify the role model and excellence that fits with the ideals of the competition. Her stature will most assuredly inspire and demonstrate to our young aspirants, mostly in their 20’s, what they too can achieve as millennials!
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