The Ongoing Quest for Eskom’s New CEO
The search for a new CEO to lead Eskom, South Africa’s state-owned electricity provider, continues amid challenges. This pursuit follows the departure of former CEO Andre de Ruyter earlier this year, leaving the nation in anticipation of the appointment of a capable leader for this critical role.
Minister’s Update on CEO Appointment Process
During a recent media briefing, South Africa’s Electricity Minister, Kgosientsho Ramokgopa, shed light on the progress of the CEO appointment process. While the nation eagerly awaited news on this front, Ramokgopa hinted that Minister of Public Enterprises, Pravin Gordhan, might provide further insights into the CEO appointment.
A Challenging Global Search
However, the situation took a challenging turn. Reports indicate that in the global search for a suitable CEO candidate, a mere single individual out of 147 applicants initially received a recommendation. Unfortunately, this solitary recommendation was subsequently rejected by the government, acting as the Shareholder of Eskom.
Explaining the circumstances, a government communications officer stated, “When the Board submitted the initial submission, upon conclusion of the selection process, it was fully cognisant of the provisions of Section 14.3.2 of the MOI [Memorandum of Incorporation] which requires that the submission clearly profile three appointable candidates. The Board emerged with a single appointable candidate. The recommendation was subsequently turned back by the Shareholder who did not concur with the recommendation as it was deemed to not fully meet the requirements of clause 14.3.2 of the MOI.”
The Path Forward
In light of this development, Eskom’s Governance and Strategy Committee has taken up the responsibility of finding a suitable CEO. The nation can expect an official announcement from Eskom once this intricate process reaches its conclusion, stated Ramokgopa.
Acting CEO’s Silence
Last week, Eskom’s acting group CEO, Calib Cassim, remained silent regarding the appointment of a permanent CEO. This silence persists nearly seven months after the dramatic exit of Andre de Ruyter from the role.
Cassim disclosed that he had not applied for the CEO position and is currently engaged in discussions to extend his contract as Eskom’s CFO.
The quest for Eskom’s new CEO continues to be a matter of significant national interest, as the nation looks forward to a resolution that will play a crucial role in shaping South Africa’s energy future.
