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Carmen le Grange named new CFO of Denel

Carmen le Grange has been appointed the new Group CFO of Denel.

“I am especially looking forward to contributing my skills and talents to the public sector in this time when the emphasis is on strengthening SOCs,” Le Grange said.

She added that her aim was to “assist in building a highly credible finance function and team, one that can be an example of how we rebuild trust in the accounting profession and contribute to our country’s development”. 

Group CEO Danie du Toit said Le Grange is joining the company as its turnaround strategy begins to deliver results.

"There had been huge improvements in corporate governance, and government’s decision to recapitalise the company would put Denel on a sustainable growth path. “We expect Ms Le Grange to play a leadership role to further stabilise Denel’s finances and implement the measures introduced by the board to improve performance and restore confidence in the future of the company among stakeholders, partners and suppliers,” Du Toit said. Le Grange joins Denel after a career in both the private and public sector. She has served as a partner at PwC for more than a decade before founding an advisory consulting practice. Le Grange also served on the audit committee of the department of tourism and on the education and transformation committee of the Independent Regulatory Board for Auditors.

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