- Jabu Mabuza will be shifting from his position as Eskom chairman to lead the entity for the time being
- This comes after CEO Phakamani Hadebe announced that he would be stepping down due to the 'unimaginable demands' of his position
- Analysts feel that Mabuza is a 'safe pair of hands', dubbing his appointment as a positive development
Eskom will enjoy the temporary leadership of Jabu Mabuza, who had served as chairman at the utility.
This comes after Phakamani Hadebe revealed that he would be leaving the state-owned entity at the end of July, claiming that his health had suffered due to the 'unimaginable demands' of the job.
Raymond Parsons, a professor a the North-West University's Business School, feels that Mabuza is a 'safe pair of hands', welcoming his appointment of interim executive chairman and acting CEO:
“Under normal conditions combining the two posts is not ideal, given oversight concerns. But having the same person in two usually distinctively and separate roles at Eskom is clearly only a temporary arrangement and could be accepted in Eskom’s present unusual circumstances.”
The state has been under massive pressure to appoint executives at the entity who are capable enough to turn the dire situation around, reports News24.
Eskom's board will now identify a suitable candidate to take up the reigns as a permanent CEO within the next three months.
Briefly.co.za reported that Mabuza had recently been appointed to the board of directors at MultiChoice, raising concerns that he may be stretched too thin to make an impact at Eskom.
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