In an effort to restore organisational stability, it is imperative that the role of Eskom’s group chief executive be permanently filled. The South African utility confirmed in a statement that the recruitment process will begin in due course.
The Eskom Board announced the appointment Sean Maritz as the interim Group Chief Executive on October 6.
The announcement comes just 48 hours after Public Enterprises Minister Lynne Brown called for a permanent CEO and board to be put in place by next month.
According to Eskom’s statement, “the decision to rotate the interim CE was taken with the approval of the shareholder to, inter alia, give exposure to another member of the executive team without compromising organisational stability”.
Maritz is the interim group chief executive with immediate effect. According to the South Africa parastatal, the Board has decided to rotate current executives in this role to ensure exposure.
Johnny Dladla has occupied the role of interim group chief executive since June 2017. Dladla will be resuming his role as the chief executive officer of Eskom Rotek Industries (ERI).
This news comes shortly after the decision to grant chief financial officer, Anoj Singh, special leave pending an investigation in late July.
The decision follows earlier reports where South African public enterprises minister Lynne Brown, confirmed she is on record as supporting the investigation of the Directorate for Priority Crime Investigation (the Hawks) into allegations of corruption reported in the media. Read more…
Acting chairman, Zethembe Khoza, reassured stakeholders at the time: “We would like to assure all stakeholders that the company is stable as evidenced by the recent financial results, and will continue delivering on its turnaround strategy.”
According to the Minister, a thorough investigation is the only way to lift the cloud shrouding State-owned enterprises stemming from allegations of State capture, the South African Government News Agency reported at the time.
Last week, Eskom announced that it is taking steps to recover the money that was illegally paid to both McKinsey and Trillian Capital.