World practice demonstrates the success of companies that faced the rapidly changing market conditions, the development of information technologies, intensified competition and other factors, were urged to draw their focus toward transformation of business environment. The effect from implementation of Transformation program at international corporations today is already evident.
“Samruk-Energy” JSC shareholder set a task, as part of transformation, of channeling efforts towards introduction of the new methods of company management, increasing transparency of current business processes and more efficient asset management which will increase its intrinsic value. It will be possible to change the structure of the portfolio and approach to investment as well as review the distribution of powers and responsibilities when addressing the tasks set.
The holding approved the Portfolio of Projects for 2017-2021, the Forecast Financial Indicators of Transformation Program for 2017-2021 and the Road Map for 2017 in May 2017 at the meeting of the Council for Modernization of “Samruk-Energy” JSC.
In March 2017 "SWF “Samruk-Kazyna" JSC announced the start of the third stage “Introduction”. During this stage, the Company has begun to directly implement the Transformation Program and already demonstrates the first results.
HISTORY OF THE PROGRAM
Stage 0. MOBILIZATION (February-June 2015)
Stage 1. DIAGNOSTICS AND DESIGN (07. 2015-08. 2016)
Stage 2. PLANNING (09.2016-03.2017)
Stage 3. IMPLEMENTATION (beginning of March 2017 – underway)
KEY RESULTS FOR 2017:
ORGANIZATIONAL STRUCTURE OF TRANSFORMATION
To manage Transformation Program, an Office has been set up which is responsible for methodological support of the Program, monitoring of deadlines, risk management and informing all stakeholders about progress of the Program’s implementation
These directions are assigned to the following units in Transformation Team: