ShapeShifter

Meet Richard Pike, Adcorp CEO and largest “labour broker” in South Africa

In 2001 Richard Pike became CEO of Adcorp, South Africa’s largest workforce management company.

Growing up, Adcorp CEO Richard Pike dreamt about being the CFO of a listed company.

Adcorp CEO Richard Pike studied at the University of the Witwatersrand and is a Chartered Accountant.

Adcorp CEO Richard Pike survived a near-fatal car accident at 19. His doctors were dead-wrong when they told him he wouldn’t walk again.

"A third of Adcorp’s profits come from abroad with a target to extend that to 45% in 2016.” – Adcorp CEO Richard Pike

Listen to the audio (scroll down) for more detail.

I have another two years to run on my contract, but I’ll hopefully still be here beyond that.

Richard Pike, Adcorp CEO

Adcorp is very focused on cash generation. Cash gives you options.

Richard Pike, Adcorp CEO

Adcorp turns 40 this year.

Richard Pike, Adcorp CEO

In 2006 we decided to go big in the blue collar contracting space. Our decision was vindicated during the global financial crisis when this sector remained buoyant.

Richard Pike, Adcorp CEO

We lost a million jobs in a year during the last recession. The only jobs that were growing were contracting jobs. This made us a threat to the unions as these jobs weren’t unionised.

Richard Pike, Adcorp CEO

We are a major creator of first-time jobs and we’re a major trainer of people.

Richard Pike, Adcorp CEO

We’ve had a lot of success in emerging markets. In 2001 only four percent of our earnings came from abroad. Now it’s more than 40 percent.

Richard Pike, Adcorp CEO

We’re more than four times the size we were in 2011.

Richard Pike, Adcorp CEO

This article first appeared on 702 : Meet Richard Pike, Adcorp CEO and largest “labour broker” in South Africa


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