Eskom likely to have new CEO by end of May
The power utility’s chairman Jabu Mabuza says appointments are imminent
Eskom may have a new CEO and chief financial officer by the end of May. The power utility’s chairman Jabu Mabuza told Business Day on Thursday that the appointments were imminent. "We have submitted to the minister [Pravin Gordhan] the names for the CEO. We have also submitted the names for the chief financial officer. The minister is going through his process to get the cabinet decision. "The minister has unfortunately been traveling, but I have no doubt we will get this issue sorted this month." The power utility has been led by acting CEO Phakamani Hadebe since March, following the resignation of former acting CEO Sean Maritz, shortly before he was to appear at a disciplinary hearing. He faced charges related to his approval of a payment to a Hong Kong company after Eskom secured a R25bn loan from another Chinese firm. He also wrote to McKinsey, absolving it of repaying a R1.6bn that was unlawfully paid to the US consulting firm and Trillian. Mabuza, who was speaking at the Top 5...
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