CIC Holdings has embarked on a major strategic change initiative titled ‘2020 Re-strategizing’, which will see the group undertake an intensive business rationalization exercise, followed by strategic and organizational re-alignment. MTI Consulting has been retained for this 12-month assignment – covering CIC Holdings, CIC Agri and Chemanex.
Group Managing Director/CEO, CIC, Samantha Ranatunga, who is spearheading this initiative, said, “In 2013/14 we undertook the first phase of our re-strategizing exercise, post which the Group had three successive years of healthy growth. We now embark on the final phase of this strategic change initiative aimed at ensuring a future proof business to meet both the challenges and opportunities in the multiple domains we operate in.”
“This year (2017/18) we plan to go through an intense round of business and organizational rationalization, so that we are ready for a more profitable 2018/19, with a highly focused business portfolio and a much leaner and agile organization.
To facilitate this process, in 2017/18 we need to take a step-back, rationalize and re-focus – with the strategic intent of a much stronger business model and operating performance in 2018/19,” he said.
MTI have assigned a multi-disciplinary team of international and local consultants, analysts and project managers for this CIC assignment.