Eskom CEO steps down due to ‘unimaginable demands’
JOHANNESBURG, SOUTH AFRICA - Eskom Board has announced that the Chief Executive Officer of South Africa's largest electric utility, Phakamani Hadebe, will step down at the end of July 2019.
"It is no secret that this role comes with unimaginable demands which have unfortunately had a negative impact on my health. In the best interests of Eskom and my family, I have therefore decided to step down," said Mr. Hadebe.
According to the Chairman of the Eskom Board, Mr. Jabu Mabuza, Phakamani has been instrumental in driving stability at Eskom during a very challenging period at the organisation.
"We have learnt to depend on his resilience to drive the kind of transformation that South Africa expects of our organisation. Appreciating the toll that this takes on an individual, we have had to, with regret, accept his decision," said Mabuza.
Source: Eskom
