Eskom explains its CEO 'rotation'

The power utility says it has decided to rotate current executives in this role to 'ensure exposure'.

Picture: EWN

JOHANNESBURG - Eskom is determined to restore stability, taking bold steps this week to suspend several executives and ‘rotate’ its CEO, but the moves may be too little too late.

Acting CEO Johnny Dladla has been replaced by Sean Maritz, who apparently used to report to suspended executive Matshela Koko, who's been implicated in a number of serious allegations.

Dladla had only been in the position for four months but Eskom says it has decided to rotate current executives in this role to 'ensure exposure'.

However, Maritz has been appointed as the ‘interim’ CEO, while Public Enterprises Minister Lynne Brown says she wants a permanent CEO by next month.

Eskom says in an effort to embed organisational stability, it's imperative that the role of Eskom's CEO be permanently filled.

So, the board replaced Dlaldla and appointed another acting CEO, Maritz who is believed to have close ties to Koko.

The power utility is also trying to claw back R1.5 billion it paid to consultancy firms McKinsey and Trillian because its investigations show that the payments were unlawful.

This advice was given to Eskom by law firm Bowman's in early August, encouraging Eskom to take immediate action.

It's unclear whether the utility will be successful, and who next may face suspension or be replaced in light of Eskom's own internal report that reveals damning evidence against several executives who went out of their way to pay Gupta-linked Trillian for little or no work.