Eskom appoints executive chairman, confirms Maroga’s departure

2009-11-12 14:52

ACTING Eskom chairperson Mpho Makwana will take over axed chief

executive Jacob Maroga’s powers until a replacement is appointed.

Makwana was speaking at the power utility’s press conference today,

called to finally put to rest speculation regarding Maroga’s future.

“A special annual general meeting on November 9 decided that I’ll

perform the chief executive’s tasks temporarily,” Makwana said.

He said he would be the interim executive chairperson.

During the briefing, Makwana said the board confirmed Maroga’s

resignation, which was accepted on October 28.


Makwana has been an Eskom board member since 2002.

“I’ve served under three board chairpersons and two chief

executives,” he said.


Makwana defended the Eskom board from criticism that it was unable

to stand its ground from outside interference.


“The Eskom board is a tough board, on the chief executive and on

itself,” he said, adding that the board met as
frequently as any other

board.


He blamed the furore surrounding Maroga on “events overtaken by

negative publicity”.


“We’ve clarified the chief executive matter. It was never about

Maroga or Bobby Godsell (the former board chairperson who resigned earlier this

week),” he said.


Makwana insisted the board was continuing with its duties as

usual.


“We’re in the process of putting a solid case for the (proposed)

tariff increases,” he said.


Makwana promised to present investors soon with a plan of action in

partnership with government.


He sees government’s role as taking its cue from the board with the

latter fully aligned to the shareholder.


“Investors want to see that an asset is an investment opportunity

of choice,” he said.


“Any company of Eskom’s statue should take into account what’s

happening in the financial markets,” Makwana explained.


Even the next chief executive should not expect a passive board,

according to Makwana.


Eskom will in the next three months find Maroga’s

replacement.


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