JSE-listed Metair, an automotive components and batteries industry player, announced Paul O’Flaherty as new CEO.
His appointment is effective from Thursday, 1 February 2024.
O’Flaherty, a professional Chartered Accountant, is acknowledged for his accomplished history in leading successful turnarounds, overseeing restructurings, managing mergers and acquisitions, and demonstrating proficiency in program and project management.
He joins Metair from EY Parthenon (Africa) (“EY”), which he led from February 2021 to January 2024.
He began his career at PricewaterhouseCoopers Inc. in 1986 and served as an audit partner for 6 years in the Energy and Mining sector.
Since 2001, he has served in both CFO and CEO roles in JSE listed companies (Group Five Limited and ArcelorMittal South Africa Limited), the public sector (Eskom Holdings Limited) and in large multinational private companies.
O’Flaherty, has a remarkable track record across multiple emerging markets coupled with in-depth experience in turnarounds, restructurings, mergers and acquisitions, and programme and project management.
Prior to joining EY, he had the overall responsibility for the $1bn separation of ABSA Bank Limited from Barclays PLC.
“O’Flaherty is a commercially focused leader and has gained extensive experience across the manufacturing, mining, infrastructure, energy, trading, and financial services industries,” said Metair.
He has also served as a non- executive director of JSE listed companies.
O’Flaherty has entered into a 36-month contract with the Company.
“The Board believes that this appointment will provide stability to the Company, the market and ther key stakeholders and accelerate the execution of the Company’s key initiatives to unlock value for shareholders.
“The Board welcomes O’Flaherty and looks forward to his contribution to the Company.”
