Wanted: Mr or Ms Fix-it for Eskom

New role of COO could be filled by July.
Embattled state-owned power utility Eskom is on the hunt for a new COO. Picture: Dean Hutton/Bloomberg

The new Eskom leadership is looking for a hands-on person to assist with the turnaround of the crippled utility and hopes to fill the newly-created post of chief operating officer (COO) as early as July.

Eskom spokesperson Khulu Phasiwe has confirmed that the COO will be second in charge after the CEO, but with a more technical and operational focus.

Cabinet is expected to consider proposed names for the positions of Eskom’s permanent CEO and CFO later this week. If approved, their appointments will be formalised. Phakamani Hadebe is currently acting as CEO and Calib Cassim as CFO.

Read: Eskom does an about turn on Molefe’s ‘bakery’ decision

Sunday newspapers carried advertisements for the newly-created COO position over the past weekend with the deadline for applications set for May 20.

According to the advertisement, the successful candidate will “be responsible for the effective leadership of the group’s Generation, Distribution, Transmission, Customer Service and Group Capital Divisions”.

Included among areas of responsibility, is the obligation to reduce cost and improve operational efficiencies, increase collections, ensure capital projects are executed on time and within budget and ensure strong governance compliance.

All these areas have been problematic in the past.

The preferred requirement includes at least 20-years’ working experience having led the operations of a multi-plant, capital intensive, complex industrial organisation with at least 15 000 staff members and a proven track record of improving efficiencies and customer service levels, increasing collections and reducing costs.

The recruitment process is run by executive search specialists Woodburn Mann which promises that: “A competitive, executive level package will be tailored to attract the right calibre candidate, subject to approved remuneration and incentive guidelines”.

AUTHOR PROFILE

COMMENTS   4

Sort by:
  • Oldest first
  • Newest first
  • Top voted

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

Luthuli House is looking for a new captain to turn the sinking Titanic around. It is a reflection on the level of competence in Luthuli House.

Eskom is a joke. The only fix is to privatise it and run it as a business. This will entail breaking it up and allowing competition from all sources of power generation. Each power station can fall or stand on its own merits. The grid (a separate company) can deal with whoever they wish. Electricity sales (connections, billing etc) will be the domain of other companies not corrupt municipalities who use electricity to cross subsidise over inflated bureaucracies with their salaries. With this arrangement, excess domestic solar energy is fed into the grid and the producer compensated at the wholesale rate.

The whole idea has been tried in many countries successfully. The only impediment to progress is the ANC’s mindset. However, the ANC desperately need money now that tax revenues are collapsing…

Eskom needs a strong leader, who can tell things as it really is.

I propose a good offer is made to Mark Lamberti, ex-CEO of Imperial.

If not, Eskom will lose her spark…

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Subscribe to our mailing list

* indicates required
Moneyweb newsletters

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: