BL Premium reports that the CEO of state-owned oil and gas company Petroleum Oil and Gas Corporation of SA (PetroSA), Xolile Sizani, has been suspended after less than a year in the role.
“PetroSA’s current group CEO, Xolile Sizani, has been recused from operations, pending the outcome of an ongoing investigation,” the company advised in a statement on Thursday, adding that nonexecutive director Mmete Fusi would replace Sizani in an acting role until further notice, effective immediately. Sizani, previously CEO of facilities management group Servest, took over the helm of PetroSA in March. He had previously also held management positions at Medipos medical scheme, Afrox and Sasol. It was reported in June that Sizani had restructured his executive shortly after taking office and retained just one woman – a move that raised eyebrows in some quarters of the company. The only woman remaining on the executive committee was group CFO Nombulelo Tyandela. “The board will continue to provide its unwavering support to PetroSA’s executive management in driving the organisation towards sustainability,” PetroSA said in Thursday’s statement.
- Read the full original of the report in the above regard by Kabelo Khumalo at BusinessLive (subscriber access only)
- See too, Mmete Fusi appointed acting group CEO of PetroSA, at Engineering News
- En ook, Koppe rol al weer by PetroSA, by Netwerk24 (toegang slegs vir intekenare)
Get other news reports at the SA Labour News home page