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BL Premium reports that Andre de Ruyter, CEO of packaging group Nampak, has been appointed Eskom CEO, public enterprises minister Pravin Gordhan announced on Monday.
De Ruyter’s appointment came as a surprise. While there has been widespread speculation about the candidates on the shortlist, it was not known that he was on it. In a Sens notice issued on Monday afternoon, Nampak announced that De Ruyter’s resignation as CEO and executive director would take effect on 15 January. Eskom has been without a permanent CEO since the end of July, when Phakamani Hadebe quit the job after just more than a year, saying that it had taken a toll on his health. The power utility is in a deep operational and financial crisis. De Ruyter will have to oversee the division of Eskom into three separate functions and parts — generation, transmission and distribution — as outlined in the road map for Eskom’ sustainability tabled by the government in October. Prior to joining Nampak, De Ruyter spent more than 20 years with petrochemicals group Sasol in senior management roles. Gordhan said De Ruyter was selected out of 142 potential candidates, including eight Eskom employees.
- Read the full original of the report in the above regard by Carol Paton at BusinessLive (paywall access only)
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