BDO South Africa appoints Israel Skosana as Chairman
26 May 2016
Johannesburg, May 2016. BDO South Africa is pleased to announce the appointment of Israel Skosana as a non-executive Chairman of Exco.
“A strategic enabler of the BDO International global ambition is to secure governance, leadership and succession while delivering consistent and high quality work,” says CEO of BDO SA, Mark Stewart. “We have confidence in Israel’s ability to help us achieve this ambition, while assisting in directing us on our aggressive transformation strategy – which we see as an imperative to the sustainability of the business.”
“From a governance perspective, it is important to have a non-executive Chairman – someone who can have input into our strategic direction and commercial operations but still has intimate knowledge of the professional services environment and the challenges and opportunities we face. Israel is the perfect fit,” he continues.
“Our relationship with Israel goes back to 2011 when we made a strategic decision to introduce Kapela Investments (PTY) Ltd as an equity partner to our advisory business. It was then that we saw the value he brought to Kapela and to BDO,” says Stewart.
Skosana is the ninth member of BDO’s current eight-person strong Exco Board.
Israel holds a B Compt (Hons), is a CA (SA), and participated in an Advanced Management Program at the Harvard University Graduate School of Business Administration. He is a member of the Council of the University of Pretoria and is the Chairman of the board of the following Kapela investees: Marsh (Pty) Ltd; SPX (Pty)Ltd; CQS Holdings (Pty) Ltd; XON Systems (Pty) Ltd; BDO Advisory Services (Pty) Ltd. He is also a board member of BP Southern Africa (Pty) Ltd and ATC South Africa Investment Holding (Pty) Ltd.
He was previously, among others a director of Transnet SOC and Chairman of its Audit Committee; He was also on the Board of Old Mutual and Chairman of its Audit Committee. Israel has extensive managerial and leadership experience and was the first black person appointed as an Executive Director of Absa Bank. He is an ex CEO of SA Express Airways and of SARHWU Investment Holdings. He was, by appointment by Ministers of Transport, the first Chairman of the South African Civil Aviation Authority (Oct ’98 – Apr ’05). By appointment of the State Presidents, Israel served 2 terms as a Commercial Member of the Special Tax Courts (1996 – 2001 and 2002 – 2007). He is a founder member and past President of The Association for the Advancement of Black Accountants of Southern Africa (ABASA). He was among the first group of Non-Executive Directors of the Financial Services Board and the Policy Board for Financial Services.
He was an honorary Professor in the Department of Accounting and Financial Management at the University of Pretoria and the Professor of Extra Ordinaries in the Department of Applied Accounting at UNISA.