Oasys has strengthened its ties with international partner GL Events to incorporate its expertise in global best practice, as well as to create new investment opportunities for local operations and business opportunities abroad. As a consequence Oasys Innovation's has adapted its identity to reflect its globally-integrated approach, and will from now be known as GL Oasys.
Oasys management has, through a collaborative effort with top executives of GL Events, made structural changes to the local organisation to allow for better integration of skill and expertise. A vote of confidence was confirmed in the appointment of Brian Kennedy to the international Board of Directors of GL events with its head office in Lyon,France. As a consequence, Kennedy has relinquished his position as Chief Executive of GL Oasys. However, he will remain as Executive Chairman of the Board, providing strategic direction especially in terms of the company's growth initiatives.
As a consequence, and with immediate effect, Mark Strydom, who held the position of Chief Operating Officer for Oasys Innovations, will assume the position of Chief Executive for GL Oasys. Sameer Kahn, previously Chief Financial Officer of Oasys Innovations, will continue his executive financial duties with GL Oasys and will also serve as Financial Director on the Board of the new entity together with Kennedy, Strydom and executives from GL events.
Says Oays GL CEO, Mark Strydom: "In recent months we have been working with a great measure of urgency to adjust our company to adapt to changing market conditions, especially to accommodate the needs of our valued customers with innovations, human resources and processes. To achieve what we have set out to do required transformation on different levels of organisational excellence and underscores step-by-step progress in every facet of our business. On a global platform we have moved closer to GL events with its workforce of 3,500 in 91 offices worldwide and a turnover in excess of one billion US dollars. The partnership, which has grown solidly since the World Cup in 2010, also motivated a new brand for Oasys Innovations in South Africa, namely GL Oasys."
Furthermore, Oasys GL management is currently in final negotiation with selected entities to further strengthen the company's BEE component. GL events have a footprint in many cities around the world and their South African engagement, based on international projects locally, bodes well for new financial injections, transfer of know-how and skills development for the African exhibitions and events industry.
GL events Oasys has consistently evolved over the course of the past thirty-five years, to become South Africa's largest infrastructure supplier to the exhibitions and events industry.
The company consists of five diverse activation units with an asset base of nearly R125 million. Our proficiency accommodates projects from both the public and private sectors. The GL events Oasys team consists of 250 professional full-time employees - ranging from designers and dedicated customer key account managers, to project managers and installation teams. Integrated services are established in Johannesburg, Cape Town and Durban. The company is well positioned to supply and manage projects of any dimension anywhere in the world.- more....
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