State-owned Denel defends the appointment of new white, male CEO

State-owned Denel defends the appointment of new white, male CEO

Government-owned arms manufacturer Denel has defended their appointment of Daniel du Toit. The entity defending their decision saying that it had been made with ‘our eyes open to racial and gender imbalances’

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State-owned arms producer Denel has come to the defense of the appointment of their CEO Daniel du Toit, saying their decision had been made with ‘our eyes open to racial and gender imbalances’.

Denel, which ran at a loss of nearly R2 billion last year, has appointed Du Toit, who is a former MD at Saab Medav Technologies in Germany late last year.

Du Toit replaces Zwelakhe Ntshepe, who resigned in May after only 6 months in service.

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Ntshepe left shortly after reports that Denel had given Supra Mahumapelo's son a R1.1 million bursary to become a pilot.

Denel was one of the government-owned entities at the centre of allegations of corruption and state capture as well as finding himself in deep financial trouble which led to the need of a government guarantee in order to pay staff and suppliers.

The entity insists that Du Toit had been appointed after a transparent recruitment process which had searched extensively for the most suitable candidate.

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According to the arms manufacturer Du Toit had prevailed as the right man, which was then submitted the recommendation to Pravin Gordhan, which was subsequently approved by cabinet.

The board's most pressing priority was to return the entity to a profitable and sustainable position.

Chair of the board at Denel, Monhla Hlanhla said:

“The decision to appoint Mr Du Toit was made with our eyes open to the racial and gender imbalances in our country and in the knowledge that we are accountable to the country on the decisions we make as a board.For Denel, transformation of our workforce profile is a non-negotiable legislative imperative that is implemented in a responsible manner across the group.”

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Source: Briefly.co.za

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