Eskom CEO's resignation regretted
Fin24

Eskom CEO's resignation regretted

2013-12-05 16:00

Johannesburg - The news that Eskom CEO Brian Dames will step down at the end of March was widely has been met with regret.

Public Enterprises Minister Malusi Gigaba's office said in a statement on Thursday: "Dames steered the company meticulously, with integrity. Despite the many challenges, he managed to keep the company stable."

"The minister commends him for putting the foundation of the build programme in place, where the three power stations, Medupi, Kusile, and Ingula are already at advanced stages of construction."

SA Chamber of Commerce and Industry (Sacci) CEO Neren Rau noted Dames's resignation with regret.

"Under the leadership of Brian, Eskom has shown noteworthy dedication to, and has been successful in keeping the lights on, and to ensuring that efficiencies are introduced at all levels of society, for which he must be commended," he said.

Rau praised Dames for encouraging energy efficiency and reducing South Africa's carbon footprint.

Smooth transition

Trade union Solidarity described Dames's resignation as a setback for Eskom, as he had been appointed to help resolve South Africa's electricity supply crisis.

"Dames displayed excellent leadership at a remarkably tough time and he should receive credit for that," said Deon Reyneke, head of Solidarity's metal, engineering and electrical industry division.

Earlier in the day, Eskom board chairperson Zola Tsotsi said Dames would step down on 31 March.

"During this time, the Eskom board and Dames will work together to ensure a smooth transition to a new chief executive."

The process to find a successor was well underway and was expected to be timeously concluded, Tsotsi said.

Dames worked for Eskom for 26 years and was appointed CEO on 1 July 2010.

Reflecting on his time at Eskom, Dames said he believed the power utility had improved people's lives.

"My tenure at Eskom has given me an opportunity to become part of the solution that our country needs to succeed."

Comments
  • paul.john.790256q - 2013-12-05 16:06

    Still early days. Will have to wait and see what is exposed when the new CEO steps in. Sad thing in SA is that boards are not held accountantable for their decisions after the effects are felt

      DelusionBuster - 2013-12-05 16:27

      Eskom, now follow the example of Sasol, Anglo and others: head hund the BEST candidate on the planet. Not some deployed comrade cadre Zuma admirer.

      Andrew Crawford - 2013-12-05 20:50

      Even though he is resigning he will receive an amazing "Golden Parachute"! If you resign...That's it you must only get your leave pay!

  • proudlysa - 2013-12-05 16:15

    Medupi is in shambles as far as I know?

  • Byron Damons - 2013-12-05 16:18

    now that his gone,will the power price decreased now

  • George Michaelides - 2013-12-05 16:26

    Regret he's leaving.....what's he done beside giving us 250% increases ( YES YOU READ RIGHT) OVER THE LAST 5 YEARS......bye bye ..thanks for leaving.....and you just declared a 12billion profit for 6 months ..f/u...ANC, Chancellor House, etc etc....

  • Prakash Singh - 2013-12-05 16:28

    One of the convicted criminals from the corrupt and terrorist ANC will soon be the CEO.

  • Freddie Miller - 2013-12-05 16:32

    Better the devil you know... Dames was a poor leader, but wait until you see who his replacement is. We may yet come to miss him. Look at Mbeki.

      Kagiso Booi - 2013-12-05 16:51

      Be very careful not to attack this guy, Solidarity have expressed that he was doing a great job so most likely DA will issue the same statement and then you in turn will be forced to say something good about the guy.

  • Justin Pretorius - 2013-12-05 16:40

    Eskom needs to be privatized and allow competition. Nothing else will save us from this lame duck parastatal

  • Andrew Grieveson - 2013-12-05 16:40

    Electricity supply in this country is always in the news ! Where electricity is in stable supply such as the UK you don't here a word ! Just do the job properly and shut up ! Privatise supply and it will no longer be in the news !

  • Justin Pretorius - 2013-12-05 16:42

    Maybe Kulebuse can take his job? (sarcasm) I am sure he will 'eat' his way through Eskom's problems easily

      Kagiso Booi - 2013-12-05 16:44

      Lol

  • Peter William - 2013-12-05 16:45

    Until we know, we'll be kept in the dark ads to why he is leaving, will be a loss

  • Marnus Lamprecht - 2013-12-05 16:52

    The success of his term as CEO is measured by the supposed profit of ESCOM as "produced" by the last few financial reports. What our smart government won't ever realize is that when you run n service as a monopoly with price increases of more than 200% in 5y you can be a useless fool and still appear to be effective. What has he achieved, both the major projects are way behind schedule, the issues with power supply are solved by limiting power to certain users...no rocket-science anywhere. He will most likely leave with a huge "bonus" on behalf of the 3mil people that pay for what they use.

  • Kevin Marsh - 2013-12-05 16:57

    The truth will come out . Another ANC puppet who stuffed up Eskom , overpaying staff , adding staff at will and not spending enough on capital projects and now this useless company holds a nation to ransom . Glad to see the back of him . Tell the truth . What did he do ?

  • Wendy Manamela - 2013-12-05 17:12

    Any CEO that cant read a contract and go through clauses, that I dont regard as a meticulous leader. Eskom is where it is with Medupi, because they ddnt read the contracts and proposals..

  • Lemogang Brian Monye - 2013-12-05 17:18

    Brian did a good work at eskom we regret to see him leaving but my concern is most ceo when they have delivered good numbers profit wise they leave because they know they will get a good big cake why cant they wait the following fiscal an repeat what they did the previous year?

  • Stephen Michaels - 2013-12-05 17:59

    was wondering when? but u bow out having done a gud job...lets see who is da comrade who cuming 2 feed from the trough...

  • Nthokolose Puleng Marope - 2013-12-05 18:00

    How about mr good nice ceo fix the Medupi corruption before he leave office.

  • David Fourie - 2013-12-05 18:12

    As I see it Eskom is a company soving an engineering problem. They need to have the top engineers in the country running the company. Not a money man.

  • Ndabenhle Sihle Mshengu - 2013-12-05 18:26

    ....and now his out/no recruiting any time soon/

  • masiqhame938 - 2013-12-05 21:36

    Is this Thulas promise of heads will roll? Well done Thulas. Man of your word.

  • masiqhame938 - 2013-12-05 21:36

    Is this Thulas promise of heads will roll? Well done Thulas. Man of your word.

  • Sanet Bruins-Lich - 2013-12-05 23:26

    Jaycee, there won't be power to let the fan run, so no s..t can f

  • John Stoltz - 2013-12-06 07:21

    Thank you Brian for what you have contributed - now let's hope your position is not filled by another incompetent deployed ANC cadre ! If there is any sanity and common sense left in the ANC, they will appoint the person with the best credentials on merit ! (If not, they will just confirm their imbecilic sense of values)

  • Lunetic Mental - 2013-12-06 07:31

    That first paragraph is another beauty by News24

  • Joe Soapie - 2013-12-06 08:53

    // Despite the many challenges, he managed to keep the company stable." // Over 100 people in one department alone who were contracted to Eskom are now out of jobs over the December period; I, for one, will not have a job come Jan 1st because of this companies "stability." This is hardly the definition of "stable" .. I mostly blame the CIO (he did the same thing at ABSA and what a royal f*** up that was), but ultimately the blame falls on the CEO.

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