Our client, a company producing beverages, wishes to recruit a managing director (MD) to carry it through and beyond its existing strategy.
1. Expectations from new MD
1.1 Market expansion
The existing strategy of the company is to grow focus on its current brands to the end of 2022. However, they shall be happy if the new managing director will take us through a market expansion to a larger part of east African region, which includes Kenya, Uganda, Burundi, Rwanda, and South Sudan. So to a larger part and not necessarily to the entire region.
1.2 Product diversification
To continue with the growth objectives, they would appreciate to diversify into other conventional products.
1.3 Strategic investor
The new MD is therefore expected to lead an initiative to write a new strategic plan to accommodate the out of the box ideas he/she will implement. We believe that the company has a huge potential for growth and expansion. This can include opportunities for inviting a strategic investor who can acquire up to 49% of the company shares. There are matters that will arise as a result of strategic investor which includes but not limited to having own appointed directors in the company which they are open for.
1.4 Improve liquidity
Such an expansion will enable the company to consolidate its position as a leading producer of beverages for low income consumers in East Africa and resolve the large liabilities that accumulated during the times of turbulence from 2016 to end of 2019.
1.5 The wishes of market expansion and product diversification have been the wish of this company and several unsuccessful attempts have been made towards this. For the company the main reason for the initiatives not to succeed is limited skills of the management.
2. Proposed renumeration and benefits
2.1 Renumeration of EURO 4,000 to 5,000 nett of social security benefit and payroll taxes
2.2 Furnished accommodation with basic facilities (Furniture, Fridge, TV- items of personal nature like bedsheets, pots plates and similar are a responsibility of the MD)
2.3 Air time EURO 100 per month
2.4 Self-drive car with fuel and unlimited mileage within Tanzania
2.5 AAR worldwide medical insurance to staff and wife or husband and children
2.6 Working days will follow the company established timetable that is Mondays to Fridays from 8.00am to 5.00pm and in between there is one-hour lunch break from 1.00 to 2.00 pm, and on Saturdays from 8.00 am to 1.00 pm.
2.7 28 calendar leave days for each year of service.
2.8 Once a year air ticket to his home country if outside Tanzania for MD wife and children-under 18 or above 18 but school going.
2.9 NB: No provision to school fees for children. There are three international schools in Arusha, Braeburn, (UWC School) Moshi International school Arusha Branch- IB syllabus, and St. Constantine School-Cambridge Syllabus)
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