Menu Content/Inhalt
Home arrow Past Articles arrow Articles 2008 arrow 08 Feb 08 arrow O&L celebrates phenomenal success
O&L celebrates phenomenal success PDF Print
Written by Staff Reporters   

Riding on the back of a phenomenal performance during the 2006/7 financial year, the Ohlthaver and List Group of Companies recently held a two-day summit to develop its strategic plan for 2010 and beyond. The event brought together over 100 executives comprising of managing directors and managers on the functional levels of both the group and its ten operating companies.

 ol-thieme.png
 Sven Thieme, the O&L Group’s executive chairman.

“The purpose of the summit meeting was to reflect on the past year and to plan another great 2008 and beyond,” said Sven Thieme, the O&L Group’s executive chairman. He explained that O&L had achieved its objectives as set out in its previous corporate strategy. “Strategy 100 by 7 has laid the groundwork and has proven to be a winning concept for us. We will continue to take this strategy into consideration and build upon it in future,” he said.
The 100 by 7 strategy was the target which Thieme set the O&L group to achieve N$100 million earnings before profit by 2007.  The O&L group had never made profit in its entire existence.
Thieme credited the international partnerships with global companies for the success of the company. The partnership include the joint venture with Heineken International, Diageo PLC, the Kuwait based IFA Hotel and Resorts, and South African Pick ‘n’ Pay and Broll Property management. “These partnerships will continue in view of this company’s regional expansion,” said Theme.
While remaining a truly Namibian company, said Theme, the O&L Group's objective will be to expand regionally with particular focus on product innovation, export, international opportunities and partnerships.
“Namibia remains our main focus and we are strongly dedicated to our country and people. All plans and aspirations include Namibia and the passing on of knowledge as well as employment creation for Namibians. And our business dealings, be it the new Super Farm, the value-add factory of Hangana or our international partnership in view of our tourism portfolio, are beneficial  to our country and people,” he said.

 
< Prev   Next >

DATE

Fri 28 Nov - Thu 04 Dec 2008
Volume 22 No.47