Dan Marokane appointed new Eskom CEO

Public Enterprises Minister Pravin Gordhan has appointed Dan Marokane as the new CEO of Eskom.

PHOTO - Eskom: Dan Marokane appointed Eskom's new CEO

This follows the abrupt exit of former Eskom CEO Andre DeRuyter. The group’s Chief Financial Officer, Calib Cassim, served as interim CEO following de Ruyter’s exit.

Marokane is a qualified Chemical Engineer who has an MBA and a seasoned executive with more than 20 years senior leadership experience. He previously was the CEO of Tongaat-Hulett.

Marokane is no stranger to the beleaguered parastatal - he returns to Eskom after he and three other senior executives were suspended following an ethical stand they took against state capture, fraud and corruption.

According to Mteto Nyati, Chairman of the Eskom Board, the appointment of Marokane follows a long, rigorous and meticulous recruitment process.

“He has experience working in distressed organisations with visible and pressurised turnaround mandates. Dan has experience in managing complex strategic, operational and commercial turnaround across the private and public sectors. He also 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.’’

“We are delighted to have him on board and are confident that he, the executive committee and the Board will work well together in rebuilding an Eskom of tomorrow that is anchored on high performance culture,” added Nyati.

The newly appointed Eskom CEO says he is looking forward to rejoining the state owned entity.

“It is an honour to be chosen to lead Eskom at this critical juncture in its history. I look forward to working with the leadership team, Eskom Board, the Shareholder and other key stakeholders to accelerate implementation of the Generation Recovery Plan, the creation of transmission capacity as well as other critical Eskom priorities and chart a path to a sustainable future for Eskom. If it is to be, it is up to us,” said Marokane.

Eskom said he will join the power utility no later than 31 March 2024.

Done By: Esona Mfazwe