Energy

Eskom’s new CEO is here

Dan Marokane officially assumes his role as Eskom Group Chief Executive today after an almost year-long search for a candidate to take on what some believe to be the toughest job in South Africa.

In a press statement released today, Eskom said Marokane is re-joining the utility at a time when the organisation faces an existential challenge and is undergoing significant changes “that require hands-on, bold, and decisive leadership”.

“We expect Dan and his leadership team to accomplish at least two critical tasks. First, they must address the current business challenges. Load-shedding must become a thing of the past. Second, they need to reposition and restructure Eskom to enable growth and sustainability,” said Eskom Board Chairman Mteto Nyati.

As Marokane takes the helm, Eskom’s board has asked him to prioritise several key areas in the first 100 days –

  • Assessing the Generation Operational Recovery Plan
  • Reviewing Eskom’s unbundling plans
  • Engaging with internal and external stakeholders

“These first 100 days are crucial for helping him gain necessary insights about Eskom and the industry,” Eskom said. 

“Dan has the full support of the Eskom Board. Eskom employees are excited to welcome him back into the organisation,” Nyati said. 

“We invite all South Africans to rally behind him as he steers Eskom toward stability, reliability and sustainability.”

Marokane is a qualified chemical engineer with an MBA and a seasoned executive with over 20 years of senior leadership experience.

Marokane previously served as Eskom’s head of group capital. He has also been the CEO of troubled sugar producer Tongaat Hulett since March 2022.

He returned to Eskom after he was suspended following an ethical stand he took against state capture, fraud, and corruption.

“He has experience working in distressed organisations with visible and pressurised turnaround mandates,” Eskom said when Marokane was appointed.

“His recent assignment is at Tongaat-Hulett, where he stepped up to lead this financially distressed business when its CEO resigned.”

Nyati said Marokane’s appointment followed a rigorous and meticulous recruitment process.

“Dan has in-depth knowledge of the Eskom environment. He leads from the front. He will hit the ground running. That is what Eskom and South Africa need right now,” Nyati said.

Newsletter

Top JSE indices

1D
1M
6M
1Y
5Y
MAX
 
 
 
 
 
 
 
 
 
 
 
 

Comments