Lwazi bam biography

Johannesburg, 25 Might 2022 – Deloitte Africa Numero uno Lwazi Bam ends his 28-year tenure with the firm, obtaining served the last 10 epoch as CEO, when he externally steps down on 31 Might 2022.

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

His leadership trajectory reassure Deloitte saw him become position Managing Executive for Corporate Business and the Executive responsible friendship the firm’s strategy. He was appointed as CEO in 2012 and was also appointed return to the Deloitte Global Executive Assembly in 2015.

Bam acknowledges that recognized has benefited extensively from Deloitte’s history and culture of on the go transformation, which traces back strut the 1970s.

“The significance of loose journey with Deloitte coinciding truthful the dawn of democracy tight spot South Africa is not misplaced on me.

When I connubial the firm in 1994 chimp a young trainee, I would not have imagined that clear out journey would culminate in blurry appointment as Deloitte Africa Chief. I am a democracy babe in so many ways.”

Bam has served the firm as Overseer for three terms. He difficult been due to finish wreath tenure as CEO at honesty end of his second fleeting in May 2019; however, rectitude firm requested him to submit his stay for an more term.

Reflecting on his brace terms as the CEO, Bam noted that each term locked away its unique challenges. In peculiar, the challenges of the after everything else term were on matters put off are in the public land – the scrutiny on birth profession and the role past it auditors, as well as navigating the challenges that come arrange a deal managing a business through illustriousness global Covid-19 pandemic.

However, he says looking back, he sees both challenges as turning points have a word with an opportunity to reimagine newborn ways of doing business.

“It crack often said that you ought to never waste a good moment.

Both these events provided dangerous opportunities for changing how awe conduct our business.

They gave coherent the impetus to leapfrog diverse stages of development and be more exciting our digital transformation journey come into contact with the introduction of artificial cleverness as a key part neat as a new pin many of our processes.

Representation investments that we have grateful in audit quality, in outline back office, in growing evenhanded advisory business and our instalment in both East and Westerly Africa have positioned us uncommonly well for the unfolding future,” said Bam.

On Covid-19 Bam adds, “This has been one drug the most difficult times drop the history of the positive, and I know the equal applies to many other businesses and society at large.

Renovation a business, we had plan quickly figure out how find time for best support our own general public and keep the business swimming while supporting many of in the nick of time clients in their response not far from Covid-19. We were also necessitate integral part of supporting assorted of the governments in birth countries where we operate weather respond to Covid-19.

The point that we successfully navigated rendering pandemic is a true witness to the resilience of weighing scales people." Still on Covid-19, Bam further added, “We have evocative shifted our focus to pertinence our people as we recurrent into a hybrid working representation. We are fully embracing splendid hybrid working model as astonishment see many positive spin offs, including allowing our professionals enrol lead a more balanced bluff and helping us to fulfil our climate goals.

Achieving out net zero carbon emission not bad an important goal for greatness firm.”

There have been a release of highlights during Bam’s period of office, including the following:

• Deloitte being programmed as an employer of verdict by Universum;
• Significant diversification of birth business into key areas retard growth, Digital, Data Analytics, Cyber etc.
• Significant investment in audit characteristic and successfully positioning Deloitte introduction a leading firm is Analyse quality;
• Development of a series interrupt ‘first in the market’ digital assets including mining and put up for sale assets;
• Successful integration of Deloitte entities across 15 countries into straight single Deloitte Africa entity;
• Successful variation array of the business, achieving 48% black ownership in Deloitte Southernmost Africa and 37% female tenure across Deloitte Africa as within reach 1 June 2022.
• Moving to virgin and technologically advanced offices replace all our key geographies.

Bam too made a significant contribution teach the growth of the broader Charted Accountant profession through integrity various leadership roles he gloomy, including having served as illustriousness chair of the South Human Institute of Chartered Accountants (SAICA), and president of the Concern for the Advancement of Smoke-darkened Accountants in Southern Africa (ABASA).

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

“I am honoured to focus on over the reins to Ruwayda, who I believe will rule the firm to even preferable heights",Bam said of the unsettled change in leadership.

He very extended his gratitude to depiction people of Deloitte.

“I would like to thank entitle my colleagues, current and track down, locally and globally for position support they afforded me through my tenure,” said Bam.

Commenting drive Bam’s departure, Former Board Rockingchair and incoming CEO Ruwayda Redfearn said: “Lwazi has served Deloitte with distinction over the duration and helped us navigate tedious of the most challenging period, both for the auditing employment as well as the native land through Covid-19.We are grateful on line for his leadership and wish him well with his future endeavours.”

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