Asher Bohbot has been appointed as EOHs new nonexecutive chairman
EOH, one of South Africas largest business technology services companies, has announced a major restructuring, which will result in the creation of two distinct businesses in the group, one of which will continue to trade under the EOH brand and the other with its own brand and identity.
The new business, called NewCo for now, will be launched within the next two months, EOH said in a statement to shareholders on Monday before markets opened.
The two businesses will also have their own growth strategies, go-to-market approaches, business models and cultures, EOH said.