Doug Jones - Massmart Holdings Chairman

MMRTYDelisted Stock  USD 6.80  0.00  0.00%   

Chairman

Mr. Doug Jones is an Divisional Chief Executive Masswarehouse of Massmart Holdings Limited. He qualifying as a Chartered Accountant in 1998 Doug moved to Toronto, Canada with Deloitte. After spending a year with MarketLink Enterprises, an eCommerce consultancy, he joined CocaCola Enterprises in Toronto for a number of years before returning to South Africa to join ABI . Doug joined Makro as Finance Director in 2007 and became Commercial Director in 2010. Doug was appointed Divisional Managing Director in September 2012, and joined the Massmart Executive Committee at the same time. He was appointed as Divisional CEO in April 2014, and was Chairman of the Massmart Pension and Provident Funds from 2009 until 2015. since 2015.
Age 45
Tenure 9 years
Phone27 11 517 0000
Webhttps://www.massmart.co.za

Massmart Holdings Management Efficiency

Massmart Holdings' management efficiency ratios could be used to measure how well Massmart Holdings manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 2.02 B in total debt. Massmart Holdings has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Massmart Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Massmart Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Massmart Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Massmart to invest in growth at high rates of return. When we think about Massmart Holdings' use of debt, we should always consider it together with cash and equity.

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Massmart Holdings Limited operates as a retail and wholesale company in South Africa and the rest of Africa. Massmart Holdings Limited is a subsidiary of Main Street 830 Proprietary Limited. Massmart Holdings operates under Department Stores classification in the United States and is traded on OTC Exchange. Massmart Holdings [MMRTY] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Massmart Holdings Leadership Team

Elected by the shareholders, the Massmart Holdings' board of directors comprises two types of representatives: Massmart Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Massmart. The board's role is to monitor Massmart Holdings' management team and ensure that shareholders' interests are well served. Massmart Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Massmart Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Nolulamo Gwagwa, Independent Non-Executive Director
Kevin VyvyanDay, Divisional Chief Executive - Cambridge Food and Chairman of the General Merchandise Forum
Jonathan BA, Chief Officer
Raboijane Kgosana, Independent Non-Executive Director
Susan Muigai, Non-Executive Director
Llewellyn Walters, Divisional Chief Executive of Massbuild and Chairman of the Supply Chain Forum
Norman Gray, Chief Ethics and Compliance Officer and Member of Risk Committee
Robin Wright, Group Food Executive, Chairman of the Food and Liquor Forum
Enrique Ostale, Independent Non-Executive Director
Julie Wilford, Company Secretary
Gerhard Hayes, Group Financial Services Executive
Chwayita Mareka, VP People
Varsha Dayaram, VP Services
Albert Voogd, Divisional Chief Executive of Massdiscounters
Philip Sigsworth, Company Secretary
Andy Clarke, Non-Executive Director
Sandile Lukhele, Gen VP
Phumzile Langeni, Independent Non-Executive Director
Roger Burnley, Non-Executive Director
LLB BA, Chief Wholesale
Kuseni Dlamini, Independent Non-Executive Chairman of the Board
Guy Hayward, CEO, Executive Director
Brian Leroni, Group Corporate Affairs Executive
Joseph Ralebepa, General Counsel, Company Secretary
Christopher Seabrooke, Non-Executive Lead Deputy Chairman of the Board
Richard Inskip, Group Supply Chain & Logistics Executive
Doug Jones, Divisional Managing Director - Masswarehouse; Chairman of the Massmart Retirement Funds
Michael Spivey, Chief Compliance Officer, General Counsel
Pearl Maphoshe, Group Human Capital Executive, Chairperson - HR Forum
Brian BA, Sr Affairs
Neville Dunn, Divisional Managing Director - Masscash Wholesale
Johannes Lierop, CFO and Executive Director
Olufunke Ighodaro, Non-Executive Director
John Suarez, Non-Executive Director
Llewellyn Steeneveldt, Group Commercial Executive and Chairman of the Real Estate and Operations Forums
Jane Bruyns, Chairperson of The Human Resource Forum
Dhari Moodley, Chief Ethics and Compliance Executive
Mitchell Slape, Group Director
Louise LackayWalters, Group Officer
Lindiwe MthimunyeBakoro, Non-Executive Director

Massmart Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Massmart Holdings a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Massmart Pink Sheet

If you are still planning to invest in Massmart Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Massmart Holdings' history and understand the potential risks before investing.
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