Eskom CEO Phakamani Hadebe's resignation comes as a big surprise

Eskom CEO Phakamani Hadebe's resignation comes as a big surprise

Eskom CEO, Phakamani Hadebe, has decided to step down from his position and this has been met with disbelief and shock. Hadebe will end his time as CEO of the energy supplier at the end of July.

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Eskom released a statement saying that Phakamani Hadebe's time as CEO of the company will be over come the end of July.

This news came as a shock, as Hadebe's resignation is announced at a very important time for Eskom, as reported by EWN.

According to Energy analyst Chris Yelland, the resignation is quite a coincidence, as Eskom is expected to suffer a big loss.

“Eskom’s financials go before the board next week so there’s a coincidence in the timing of his resignation because Eskom is expected to post a loss of R20 billion.”

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Hadebe says it is in the best interest of the company as well as his family that he resigns.

Briefly.co.za gathered Hadebe added that his role as CEO came with intense demands that took its toll on his health.

"It is no secret that this role comes with unimaginable demands which have unfortunately had a negative impact on my health."
"In the best interest of Eskom and my family, I have therefore decided to step down."

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Source: Briefly.co.za

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