South Africa where incompetance and failure is normal: South Africa: Appointment of Power Utility CEO Delayed Again
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Eskom CEO Appointment Stalled as Board Recommendation Rejected by Minister Gordhan
The appointment of a new CEO for Eskom, South Africa’s state-owned power utility, has been delayed, with no clear end in sight, reports News24. Nine months after the previous CEO, André de Ruyter, announced his resignation, the board’s recommendation for a replacement has been rejected by Minister of Public Enterprises Pravin Gordhan. Initially, four candidates were in contention, and the board nominated a frontrunner for the job. Gordhan instructed the Eskom chair to provide three names for deliberation. It is still unclear whether the board must add two more preferred candidates to the list or start the process from scratch. Eskom’s Chief Financial Officer, Calib Cassim, will continue to act in the position of CEO. The delay in appointing a new CEO is a major setback for Eskom, which is already struggling with a number of challenges, including load shedding, financial difficulties, and corruption.
Source: https://allafrica.com/stories/202309200037.html
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