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O&L celebrates phenomenal success |
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Written by Staff Reporters
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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.
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| 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.
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