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Business Maverick: Eskom’s CEO Appointment May Take Months Despite ‘Rich’ Choice

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South African’s state power utility has a “rich” choice of candidates to fill the role of chief executive officer, but the appointment process could take months to conclude, according to its chairman.

Eskom Holdings SOC Ltd. has been instituting record blackouts as its poorly maintained and defective plants fail to keep pace with supply, but its board has yet to appoint a new CEO despite having been aware since December that the post was falling vacant. Andre de Ruyter stepped down as the utility’s boss on Feb. 22 — more than a month before his scheduled March 31 departure date — after censuring the government and the governing party over corruption.

Changes to the top management structure could take some time to effect, with the period dependent on the exit terms the next CEO agreed with their previous employer, Eskom Chairman Mpho Makwana said in an interview Friday with Johannesburg-based broadcaster Newzroom Afrika.

 

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Only a certified loon would take that job

Jorre jissus. Big shit loading.....

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 /  🏆 3. in JP

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