Transnet CEO Portia Derby and CFO Nonkululeko Dlamini resign

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Michelle Phillips, the chief executive of Transnet Pipelines (TPL), will be the acting GCE from 1 November 2023 until a permanent GCE is appointed.

Transnet has confirmed that Portia Derby has resigned from her role as the group chief executive and executive director on the board of directors, effective from 31 October 2023.

On Friday, Transnet seemingly defended Derby, saying she steered the company through an “extremely challenging period” after the setting aside of the 1064 locomotive contract “which has created a significant binding constraint for Transnet that remains to this day”.

 

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