Eskom has confirmed the appointment of Dan Marokane as the power utility’s new Group Chief Executive Officer. This follows the dramatic exit of former Eskom CEO Andre De Ruyter. The group’s Chief Financial Officer, Calib Cassim, served as interim CEO following de Ruyter’s exit.
Newly appointed CEO, Marokane, returns to Eskom after he and three other senior executives were suspended following an ethical stand they took against state capture, fraud and corruption.
Marokane is allegedly no stranger to challenging environments, having navigated distressed organizations under intense turnaround pressures.
In a statement, the power utility says his appointment, which was highly endorsed by Mteto Nyati, Chairman of the Eskom Board, was the outcome of an exhaustive global search. The Eskom Board says it sought a candidate with proven leadership, extensive experience, and a business mindset, particularly someone with a robust track record in the energy sector.
“Dan has experience in managing complex strategic, operational and commercial turnaround across the private and public sectors. He also has in-depth knowledge of the Eskom environment. He leads from the front. He will hit the ground running. That is what Eskom and South Africa need right now,” added Nyati.
“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,” concluded Nyati.
CEO Dan Marokane says he looks forward to working with the power utility and accelerating the implementation of the Generation Recovery Plan and the creation of transmission capacity.
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