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BusinessLive reports that Eskom group treasurer Andre Pillay has resigned and will leave at the end of August, the state-owned power utility announced on Monday.
Pillay’s resignation marks yet another exit of a senior executive as the utility struggles with a financial and operational crisis. No reasons were provided for Pillay’s departure. Eskom group CEO Phakamani Hadebe will leave his post at the end of July because of health concerns related to the high-stress job. Eskom CFO Calib Cassim said in a statement: “We are cognisant of how critical the group treasurer role is for Eskom and have requested that Andre remain in the position for the next two months to ensure a seamless transition and business continuity through the handover process. Andre’s replacement will be announced in due course. We believe that treasury operations will continue with ease with the support of the current treasury leadership”.
- Read the full original of Lisa Steyn’s report on the above story at BusinessLive
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