Who is Eskom’s newly appointed CEO?

The Power Utility Eskom has appointed Dan Marokane as its new CEO.

WHO IS ESKOM’S NEWLY APPOINTED CEO?

He will take up the position on 31 March 2024.

Eskom said in a statement that Marokane is returning to Eskom after he and three other senior executives were suspended following an ethical stand they took against state capture, fraud, and corruption.

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MAROKANE IS A QUALIFIED CHEMICAL ENIGINEER

“Marokane is a qualified chemical engineer who has an MBA and is a seasoned executive with more than 20 years of senior leadership experience.”

He also holds a BSc in chemical engineering from the University of Cape Town and a Masters degree in petroleum engineering from the University of London. He also has an MBA from UCT.

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HE HAS EXPERIENCE WORKING IN DISTRESSED ORGANISATIONS

Eskom furthermore said Marokane has experience working in distressed organisations with visible and pressurised turnaround mandates.

His recent assignment is at Tongaat-Hulett where he stepped up to lead this financially distressed business when its Chief Executive Officer resigned.

MAROKANE IS RETURNING TO ESKOM

According to Mteto Nyati, Chairman of the Eskom Board, the appointment of Marokane follows a long, rigorous and meticulous recruitment process.

“The Eskom Board embarked on a global search for a suitable candidate with the necessary leadership, experience and business orientation with a solid track record in the energy sector,” he said.

“We are delighted to have him on board and are confident that he, the executive committee, and the board will work well together in rebuilding an Eskom of tomorrow that is anchored on high-performance culture,”

Nyati said.

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THIS APPOINTMENT FOLLOWS A LONG, RIGOROUS AND METICULOUS RECRUITMENT PROCESS

Marokane replaces former CEO Andre de Ruyter, who resigned from the position a year ago following a loss of support from the government and board.

De Ruyter said he would resign as CEO in December last year and quit the beleaguered company following a television interview in which he said that Eskom was losing about R1 billion ($53 million) a month to corruption and theft that could be connected to government officials and politicians.

DE RUYTER RESIGNED FROM THE POSITION A YEAR AGO

Calib Cassim, the company’s chief financial officer, has been the interim head since De Ruyter left.