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BusinessLive reports that Department of Public Enterprises (DPE) Minister Pravin Gordhan announced on Wednesday that Transnet veteran Michelle Phillips had been appointed to lead the state-owned rail, port and pipeline company.
Phillips, who has more than 20 years’ experience working at Transnet, most recently as CEO of Transnet Pipelines, was appointed acting CEO after several high-level resignations last year. These included former CEO Portia Derby, CFO Nonkululeko Dlamini, chair Popo Molefe and Transnet Freight Rail CEO Siza Mzimela. Gordhan also announced the appointment of Nosipho Maphumulo as the group CFO. “These are critical appointments which represent our steadfast commitment as government to equip Transnet with a competent and experienced executive leadership team to drive the strategic interventions that the board has put in place as part of the Transnet recovery plan,” Gordhan said. Busisiwe Mavuso, CEO of Business Leadership SA (BLSA), reacted that she was “relieved, elated and happy” with Phillips’ appointment. “We are fully supportive and stand behind her as the business community. Since she has been in this position [in an acting capacity] we have worked extraordinarily well with her,” Mavuso added. Cas Coovadia, CEO of Business Unity SA, said they welcomed the appointment. Phillips faces the daunting task of turning around the cash-strapped logistics company and implementing wide-reaching reforms
- Read the full original of the report in the above regard by Denene Erasmus at BusinessLive
- See too, Transnet appoints acting CEO as new boss, at Fin24
Get other news reports at the SA Labour News home page