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Suspended Eskom CEO departs

Suspended Eskom CEO departs

Power utility Eskom has announced that it has officially parted ways with suspended CEO, Tshediso Matona, following a reported “mutual agreement”.

“Mr Matona believes that the agreement to part ways is in the best interest of Eskom, to allow the Board to pursue its plans for the company under the current leadership,” Eskom said in a statement.

“It is expressly noted that no misconduct or wrongdoing is alleged by Eskom against Mr Matona. With the separation, the inquiry initiated by the Board into the state of affairs at Eskom will continue as planned, and Mr Matona’s suspension falls away”.

Matona, along with three executives, were placed on suspension in March by now-departed Chairman Zola Tsotsi, pending the outcome of an investigation that they provided varying information to a task team setup to deal with the state-owned parastatal’s inability to keep the lights-on. Transnet CEO Brain Molefe was appointed as Tsotsi’s replacement following his resignation two weeks after Matona’s suspension.

Speaking at a media briefing in January, Matona stated that a lack of regular maintenance was to blame for the escalating crisis and that the equipment used to carryout repairs, were terminally aged and in some cases, ineffective.

IMAGE sourced from www.moneyweb.co.za