Andre de Ruyter appointed Eskom CEO: Eyebrows raised over Mboweni ties

Andre de Ruyter appointed Eskom CEO: Eyebrows raised over Mboweni ties

- Eskom has appointed Andre de Ruyter as a replacement for former Eskom CEO Phakamani Hadebe

- This comes after Hadebe stepped down in July claim his health wasn't coping with the position

- With the entity facing widespread and severe challenges even interim CEO Jabu Mabuza hadn't wanted the task of turning things around

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Andre de Ruyter has taken on what will be a monumental task, leading embattled state-owned entity Eskom.

News24 reports that the newly appointed CEO is the current CEO of Nampak with over 20 years of experience with Sasol in a variety of senior management roles.

Public Enterprises Pravin Gordhan confirmed that De Ruyter will be starting at Eskom mid-January.

READ ALSO: Eskom looking to increase tariffs by 80 percent to recoup finances

Social media had been abuzz with the news, with journalist Arabile Gumede reporting that Finance Minister Tito Mboweni had served as the chair of Nampak with De Ruyter.

This raised some doubts over the validity of the appointment, while other opinions were raised over the drop in Nampak's shares.

Briefly.co.za gathered that the prices of Nampak Limited had steadily been declining over the course of the past five years.

Whether the current economic climate is to blame or not for the drop, the situation at Eskom certainly calls for some innovative leadership.

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Source: Briefly.co.za

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