BusinessLive reports that Eskom board chair Jabu Mabuza will take up the role of acting CEO of the troubled state-owned entity for the next three months, public enterprise minister Pravin Gordhan advised on Monday.
In a statement, Gordhan said he had informed the Eskom AGM of his decision to appoint Jabu Mabuza as the interim executive chair for Eskom and acting CEO of Eskom Holdings. The announcement comes ahead of the release of Eskom’s annual results on Tuesday, when the struggling power utility is expected to report record losses. On Wednesday, current CEO Phakamani Hadebe will vacate his office after he resigned over health concerns. “Within the three month period during which Mr Mabuza will be the executive chairman and acting CEO, the Eskom board will conclude the process of identifying a suitable candidate to become the next Eskom Group CEO,” Gordhan indicated. Mabuza, a successful entrepreneur, was also the chair of quasi state-owned enterprise Telkom before stepping down in February. Although Hadebe resigned in May, Eskom only advertised the post a little more than a week ago.
- Read the original of Lisa Steyn’s report on the above at BusinessLive
- Read too, Eskom board backs Mabuza in dual roles as chair and CEO, at Engineering News
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