In announcing that Nampak CEO Andre de Ruyter has been appointed as the new CEO of Eskom, the Public Enterprises ministry thanked him for “not only accepting this position at a difficult time for Eskom, but, given Eskom’s current financial situation, also agreeing to a lower compensation package than the position currently pays”.
De Ruyter will assume his duties on January 15. He is replacing former Eskom CEO Phakamani Hadebe, who stepped down in July on health concerns. The ministry outlined in a statement the exhaustive process that was followed in identifying the beleaguered power utility’s new chief executive. “He will work with the Eskom board, management and the government to spearhead the re-organisation of Eskom, which includes the separation of Eskom into three entities: generation, transmission and distribution, as well as the creation of Eskom Holdings,” the statement says.“I am grateful to the Board of Nampak for agreeing to release Mr Ruyter.
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