Mayoor Vaidya

Chartered Accountant CA(SA) and Chief Financial Officer with over 20 years of progressive experience in senior finance and executive leadership across complex, multi-entity organisations. Proven track record of leading business consolidations, driving double-digit profitability improvement, and building high-performing finance functions. Deep hands-on expertise across ERP and consolidation systems (SAP, Hyperion HFM/Essbase), combined with strong governance, risk, and board-level stakeholder experience.

Chief Financial Officer – Books Division - Media24 - Johannesburg, South Africa

(2025-04)

• Led the consolidation of four separate business units into a single unified operating entity, eliminating redundancies and creating operational synergies.
• Operational performance: Taken on businesses delivered a >100% improvement in the first year
• Net profit margin: improved by 10 percentage points
• Free cash flow: improved by more than 40%
• Directed the consolidated ERP implementation across the merged entity, achieving full auditor sign-off and regulatory compliance.
• Restructured the finance function into a single unified team, replacing three fragmented operating models.
• Designed and implemented an enterprise-wide risk and control framework to ensure governance consistency across the integrated business.
• Provided strategic financial insight and integration reporting to the executive committee and board of directors throughout the transformation.

Head of Finance and Operations - Media24 - Johannesburg, South Africa

(2017-10 - 2025-03)

• Net profit margin: improved by 55%
• Working capital: reduced by 50%
• Operational costs: achieved significant reductions through restructuring and process reengineering
• Led development of 5-year strategic financial plans aligned to corporate objectives.
• Built and mentored high-performing finance teams across multiple locations.
• Established performance management systems and KPI frameworks that underpinned the division's later consolidation success.

Finance Manager – Divisional - Media24 - Johannesburg, South Africa

(2016-04 - 2017-09)

• Provided strategic financial guidance and business partnering to divisional leadership.
• Managed financial policies, regulatory compliance, and audit processes.
• Led budget preparation, forecasting, and variance analysis to support optimal resource allocation.

Financial Manager – Finance Shared Services - AVI Limited (JSE-listed) - Johannesburg, South Africa

(2010-01 - 2016-03)

• Led the implementation of Hyperion Essbase and Hyperion Financial Management (HFM) across the group, materially improving reporting accuracy and cycle times.
• Established robust financial reporting frameworks ensuring accuracy and compliance.
• Streamlined financial processes, reducing reporting cycles and improving data integrity.
• Provided strategic financial analysis supporting executive decision-making.

Financial Reporting Consultant - AVI Limited (JSE-listed) - Johannesburg, South Africa

(2009-01 - 2009-12)

• Implemented financial system improvements that enhanced reporting accuracy.
• Prepared annual integrated financial statements ensuring IFRS compliance.
• Developed financial controls and procedures that strengthened governance frameworks.

Audit Manager / Trainee Accountant - Watermans Registered Auditors - Johannesburg, South Africa

(2005-07 - 2009-01)

• Planned and executed audits across a diverse client portfolio spanning manufacturing, retail, financial services, labour brokers, security services, medical supplies, and legal practices.
• Managed senior client relationships and provided strategic advisory services.
• Trained and mentored junior staff in professional and audit standards.

Chartered Accountant - Chartered Accountancy - South African Institute of Chartered Accountants (SAICA) (2015)

Management Advancement Programme - Advanced Leadership and Strategic Management - Wits Business School (2017)

BCompt Honours - Accounting - University of South Africa (UNISA) (2013)

BCom - Accounting - University of Johannesburg (2004)