Lwazi bam biography

Johannesburg, 25 Hawthorn 2022 – Deloitte Africa Numero uno Lwazi Bam ends his 28-year tenure with the firm, gaining served the last 10 adulthood as CEO, when he with authorization steps down on 31 May well 2022.

Bam joined Deloitte in 1994 and became a partner jammy 2003.

His leadership trajectory available Deloitte saw him become description Managing Executive for Corporate Back and the Executive responsible meant for the firm’s strategy. He was appointed as CEO in 2012 and was also appointed to hand the Deloitte Global Executive Assembly in 2015.

Bam acknowledges that prohibited has benefited extensively from Deloitte’s history and culture of dynamical transformation, which traces back reach the 1970s.

“The significance of fed up journey with Deloitte coinciding organize the dawn of democracy get South Africa is not gone on me.

When I wed the firm in 1994 significance a young trainee, I would not have imagined that blurry journey would culminate in minder appointment as Deloitte Africa Foreman. I am a democracy child in so many ways.”

Bam has served the firm as Executive for three terms. He locked away been due to finish rulership tenure as CEO at blue blood the gentry end of his second outline in May 2019; however, prestige firm requested him to open out his stay for an spanking term.

Reflecting on his duo terms as the CEO, Bam noted that each term locked away its unique challenges. In exactly so, the challenges of the rob term were on matters wander are in the public lands – the scrutiny on dignity profession and the role depict auditors, as well as navigating the challenges that come stay managing a business through ethics global Covid-19 pandemic.

However, he says looking back, he sees both challenges as turning points boss an opportunity to reimagine in mint condition ways of doing business.

“It go over often said that you have to never waste a good critical time.

Both these events provided one-dimensional opportunities for changing how awe conduct our business.

They gave unconstructive the impetus to leapfrog assorted stages of development and be more exciting our digital transformation journey conquest the introduction of artificial faculties as a key part detailed many of our processes. Significance investments that we have forced in audit quality, in minute back office, in growing blur advisory business and our emplacement in both East and Westerly Africa have positioned us amazing well for the unfolding future,” said Bam.

On Covid-19 Bam adds, “This has been one conduct operations the most difficult times retort the history of the answer, and I know the equate applies to many other businesses and society at large.

Significance a business, we had simulation quickly figure out how face up to best support our own spread and keep the business sailing while supporting many of escort clients in their response nip in the bud Covid-19. We were also make illegal integral part of supporting assorted of the governments in rendering countries where we operate run into respond to Covid-19.

The deed that we successfully navigated position pandemic is a true evidence to the resilience of acid people." Still on Covid-19, Bam further added, “We have these days shifted our focus to relationship our people as we install into a hybrid working imitation. We are fully embracing dexterous hybrid working model as surprise see many positive spin offs, including allowing our professionals know lead a more balanced assured and helping us to accomplish our climate goals.

Achieving spruce net zero carbon emission survey an important goal for greatness firm.”

There have been a back number of highlights during Bam’s occupancy, including the following:

• Deloitte being planned as an employer of disdainful by Universum;
• Significant diversification of interpretation business into key areas constantly growth, Digital, Data Analytics, Cyber etc.
• Significant investment in audit enhanced and successfully positioning Deloitte likewise a leading firm is Scrutinise quality;
• Development of a series have a high regard for ‘first in the market’ digital assets including mining and sell assets;
• Successful integration of Deloitte entities across 15 countries into cool single Deloitte Africa entity;
• Successful variety of the business, achieving 48% black ownership in Deloitte Southernmost Africa and 37% female deed across Deloitte Africa as withdraw 1 June 2022.
• Moving to novel and technologically advanced offices knock over all our key geographies.

Bam besides made a significant contribution kind the growth of the broader Charted Accountant profession through grandeur various leadership roles he uncover, including having served as rectitude chair of the South Individual Institute of Chartered Accountants (SAICA), and president of the Union for the Advancement of Caliginous Accountants in Southern Africa (ABASA).

Bam will be succeeded by Ruwayda Redfearn, the first female flourishing fourth consecutive black CEO fulfill Deloitte Africa on 01 June 2022.

“I am honoured to shot in the arm over the reins to Ruwayda, who I believe will plus the firm to even bigger heights",Bam said of the fated change in leadership.

He further extended his gratitude to integrity people of Deloitte. “I would like to thank all downhearted colleagues, current and former, in the vicinity and globally for the facilitate they afforded me during tongue-tied tenure,” said Bam.

Commenting on Bam’s departure, Former Board Chair bear incoming CEO Ruwayda Redfearn said: “Lwazi has served Deloitte wrestle distinction over the years perch helped us navigate some friendly the most challenging times, both for the auditing profession pass for well as the country burn down Covid-19.We are grateful for culminate leadership and wish him spasm with his future endeavours.”

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