Eskom apparently decided on a new chief

Henry

Dan Marokane is expected to be appointed as the new CEO of Eskom after almost a year of searching for a new candidate.

According to media reports, the decision has now been made on Moroccan, who previously served as Eskom’s head of group capital and is currently CEO of Tongaat Hulett.

Marokane has been at the helm of Tongaat Hulett since February this year after he was appointed head of business transformation in 2018 and was tasked with managing the turnaround of the company.

In response to the reports, Eskom said the appointment of its CEO “is with the shareholder” and that an announcement will be made as soon as a decision has been made.

It was already reported earlier this year that Marokane, Ayanda Noah, and Vally Padayachee are on Eskom’s short list of candidates after AndrĂ© de Ruyter resigned in December last year.

Moroccans were previously involved in several Eskom subsidiaries and also in the Medupi and Kusile project. He was suspended by Eskom in March 2015 and it was later found after an independent investigation that he had done nothing wrong. He received a golden handshake of R6 million.

De Ruyter took up the position as chief executive of Eskom on 15 January 2020 after having previously been, among other things, a member of Sasol’s executive board and the head of the packaging company Nampak.

He was appointed after the resignation of Phakamani Hadebe, who resigned as head of Eskom due to personal and health reasons. Hadebe said in 2019, after his resignation, “it is no secret that the role comes with unimaginable demands”. He was in the position for less than a year.