Eskom chairperson Zola Tsotsi reports that the utility’s board is pursuing an open process to select a successor to CEO Brian Dames, who made the surprise announcement in December that he will be stepping down on March 31, 2014.
In an interview with Engineering News Online Tsotsi also confirmed that Public Enterprises MinisterMalusi Gigaba, who has the prerogative to appoint the CEO, has mandated the board to oversee the selection process, which would be facilitated by executive search agencies. Gigaba would still have the final word on the selection and his spokesperson Mayihlome Tshwete confirmed that a Cabinet endorsement would also be sought.
A board committee, led by Tsotsi and comprising the chairpersons of the various board subcommittees, had been assembled and would both select and brief an executive search agency in the coming few days. Internal and external candidates will be considered and Tsotsi also confirmed that the search agencies would be mandated to propose South African and foreign candidates.
Both Tsotsi and Gigaba had indicated their preference for a handover period from Dames to the new CEO. But Tsotsi acknowledged that the timeframe was such that such a handover might not be possible. He also acknowledged that it might not even be possible to appoint a new CEO by the time Dames is scheduled to leave.
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In an interview with Engineering News Online Tsotsi also confirmed that Public Enterprises MinisterMalusi Gigaba, who has the prerogative to appoint the CEO, has mandated the board to oversee the selection process, which would be facilitated by executive search agencies. Gigaba would still have the final word on the selection and his spokesperson Mayihlome Tshwete confirmed that a Cabinet endorsement would also be sought.
A board committee, led by Tsotsi and comprising the chairpersons of the various board subcommittees, had been assembled and would both select and brief an executive search agency in the coming few days. Internal and external candidates will be considered and Tsotsi also confirmed that the search agencies would be mandated to propose South African and foreign candidates.
Both Tsotsi and Gigaba had indicated their preference for a handover period from Dames to the new CEO. But Tsotsi acknowledged that the timeframe was such that such a handover might not be possible. He also acknowledged that it might not even be possible to appoint a new CEO by the time Dames is scheduled to leave.
Read more...
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