DURBAN - Endeavor South Africa announced today after 7 years in of service, Catherine Townshend will be stepping down as Managing Director.
Townshend will be succeeded by Alison Collier.
Endeavor South Africa’s Chairman, Herman Bosman said, "during Catherine’s tenure, Endeavor has contributed meaningfully to the entrepreneurial eco-system in South Africa, raising the profile of South Africa’s most promising scale-up companies, launching and supporting the FNB Business Innovation Awards, enabling Endeavor Catalyst’s first investment in Africa and enabling a strong community of business leaders and founders to contribute meaningfully through mentorship, and more recently partnering with Discovery Business Insurance to create healthier businesses".
Bosman added, "Endeavor is in a good space and Catherine will be handing over a company that is ready to reach new altitudes in its next season".
During Catherine’s tenure she cultivated a strong team which reviewed in excess of 3500 companies, of which 28 earned the title of Endeavor Entrepreneur at the Endeavor International Selection Panels. Endeavor’s support programmes have mobilised the local and international business community to support companies as they scale locally and internationally. Through Endeavor’s support, the companies in the support programmes employ in excess of 5000 people and create in excess of 1000 new full time jobs per annum.