Johannesburg, Gauteng – Endeavor South Africa is thrilled to announce the instatement of a new Managing Director, Catherine Townshend, beginning 1 May 2012. Catherine’s appointment coincides nicely with the launch of Endeavor’s Cape Town office, which looks to expand rapidly owing to the hotbed of high-impact entrepreneurial activity in the city.

Outgoing Managing Director, Malik Fal will remain on the Board following a tenure that lasted a little over three years. He will continue to work closely with Catherine to offer strategic counsel, provide a smooth transition and carry on promoting the Endeavor brand.

On the transition to Managing Director by Ms. Townshend, Mr. Fal said, “There comes a time in the growth of every successful organization when the management recognizes the importance of renewed vigour and perspective on the organization”s activities. Having laid the foundations by adapting the organization’s approach to one that bears relevance in the South African context and building a reputation for driving high-impact entrepreneurship in a country in need of successful entrepreneurial role models, Endeavor will benefit a great deal from Catherine’s energy and expertise.”

Catherine is probably best known for her accolades in sport, having been awarded Federation Colours for Mountain biking and represented South Africa at the World Championships on numerous occasions, achieving a world ranking of 5 in her age category in 2008 and 2010. She has also just completed the arduous Cape Epic cycle race which all attests to the fact that she’s not afraid of working hard at making a success of any new challenge.

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Catherine has worked closely with many entrepreneurial businesses over the past decade and is acutely aware of the challenges these businesses face during their growth lifecycle. She is passionate about business and the people that drive them, and is committed to assisting high-impact entrepreneurs realise their global growth aspirations, while adding significantly to developing a sustainable emerging middle class in South Africa.

Mr. Fal added, “Catherine has demonstrated that she has the right mix of leadership, relevant business experience and skills to take the company forward. We have been impressed with her consulting and advisory experience with high growth businesses across a variety of industry sectors.”

Catherine Townshend says, “The Endeavor model appealed to me because of its focus on building a network of entrepreneurs that have the greatest impact on emerging economies through innovation coupled with the imperative that all entrepreneurs in their program in turn have the desire to give back by sharing their knowledge and expertise. I am excited not only to make a contribution to this organization’s impact in South Africa but to the impact that the Endeavor entrepreneurs will ultimately make globally.”

About Endeavor

Hailed by New York Times columnist Thomas Friedman as “the best anti-poverty program of all,” Endeavor is leading the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 30,000 entrepreneurs and selected 672 individuals leading 422 high-impact companies.

With support from Endeavor’s worldwide mentor network, these high-impact entrepreneurs:
-Have created over 156,000 jobs
-Generated over $4.5 billion in revenues in 2010
-Inspire future generations to innovate and take risks

Headquartered in New York City, Endeavor currently operates in 15 countries throughout Latin America, Africa, Southeast Asia and the Middle East. As the high-impact movement expands globally, Endeavor will continue to prove that anyone with a big idea can succeed, from Silicon Valley to Latin America, the Middle East, and beyond.

High-Impact Entrepreneurs create thriving companies that employ hundreds, even thousands of people, and generate millions in wages and revenues. And they have the power to inspire countless others as leading role models. Together, these entrepreneurs hold the key to sustained economic growth in emerging markets.
High-Impact Entrepreneurs dream of becoming the next great success story, but having launched in emerging countries, face considerable barriers to growth:

• — Cost of Failure
• — Lack of role models
• — Limited Management expertise
• — Lack of contacts or mentors
• — Lack of trust
• — Limited access to smart capital

Endeavor helps High-Impact Entrepreneurs unleash their potential by providing an unrivaled network of seasoned business leaders, who provide the key ingredients to entrepreneurial success: mentorship, networks, strategic advice, inspiration.

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