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Johannesburg - Transnet has named former Public Investment Corporation chief Brian Molefe as its new CEO.

He takes over the reins of the transport parastatal after a two-year vacuum. Former CEO Maria Ramos left the post to join Absa Bank in 2009.

Transnet spokesperson Mboniso Sigonyela confirmed the appointment on Wednesday.

After Ramos' departure, chief operating officer Chris Wells acted in the post. He announced his departure in November 2010 and new Transnet chairperson Mafika Mkhwanazi took over the CEO post in an acting capacity.

The parastatal was engulfed in a public spat with former CEO of Transnet Freight Rail, Siyabonga Gama, who in 2009 claimed disciplinary action was instituted against him to prevent him from taking over the group CEO post.

Gama was fired in 2010.

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