SAA CEO steps down

2012-10-08 10:37

Siza Mzimela, CEO of embattled national carrier South African Airways (SAA) has announced her resignation.

She sent an email to SAA employees today, stating “this is not a random move”.

“I have given this decision careful thought and feel that now is the best time to relinquish my position as your CEO and allow somebody else to pilot the company into the future.”

Mayihlome Tshwete, spokesperson for the minister of public enterprises, has confirmed that the department has knowledge of the email sent by Mzimela.

“At this stage we’re still trying to reach the chairman to determine if he has received her formal letter of resignation.”

SAA has been in the news the past month following the resignation of eight board members including the chairperson, Cheryl Carolus. The board has since been replaced.

Business Day reported today that SAA made a loss of R1.25bn in the 2012 financial year. Mzimela does not mention this in her email.

Mzimela joined SAA in May 2010, after heading up South African Express Airways (SAX). In 2011 she became the first woman to be appointed to the International Air Transport Association’s board of directors in 67 years.

SAA has seen a mixed bag of results under Mzimela, showing two years of profit in 2010 and 2011. The airline has, however, been plagued with a weak balance sheet.

The two best candidates to take over the post of CEO from Mzimela are probably SAX chief executive Inathi Ntshanga and Nico Bezuidenhout, CEO of SAA’s low-cost carrier Mango.

Other names that may come under consideration include Alison Crookes, head of SAA’s affiliate Air Chefs, and Theunis Potgieter, SAA commercial head.


Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/Sport

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.