Flushing the rot at EOH was a filthy, necessary business
CEO Stephen van Coller explains how the cleanup went
Listed technology group EOH, whose stock price has almost halved so far in 2019, is in the middle of cleaning up its balance sheet following allegations of corruption related to government tenders. CEO Stephen Van Coller shares his thoughts about cleaning up the business:
How has your first year on the job been?
It’s been very difficult. I don’t think we are born and bred to deal with bribery and corruption. It’s not in our DNA. When you’re faced with it, you learn a whole lot of new skills, which is in some ways a good thing but it’s stressful. It’s difficult but I’ve been lucky enough to get a good team and people who’ve been willing to assist. I still find it amazing that people wanted to come on board and help – it’s so easy to run away – and yet we found some very competent, capable people to come and get on the board...