Eskom boss Brian Dames quits
Fin24

Eskom boss Brian Dames quits

2013-12-05 11:15

Johannesburg - Eskom said on Thursday its chief executive would step down in March, departing the power utility at a time when South Africa struggles to keep the lights on due to tight electricity supply.

Eskom chairperson Zola Tsotsi told a media briefing that Brian Dames was stepping down for "personal reasons" and that a search for his successor was already underway.

His resignation follows the departure of another top executive, CFO Paul O’Flaherty in July this year.

Dames was appointed chief executive of Eskom on July 1 2010, after serving Eskom in various management positions and as member of the executive committee in 2004.

He joined Eskom in 1987 as a graduate in training, according to Whoswho.

The announcement comes at the same time that the company posted a R12.2bn profit for the six months to end-September 2013.

The company has however warned that this profit will be eroded somewhat in the second half of the financial year due to "the seasonality inherent in the sales and maintenance profiles".

Tsotsi thanked and praised Dames for his dedication and commitment to Eskom over a 26-year career at the parastatal. “I want to personally thank Brian for his hard work, for taking the helm of Eskom during arduous times and successfully steering the company through many rough seas.

"Eskom will still have the benefit of his vast experience and knowledge until 31 March 2014," he said in a statement.

He said 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 is well underway and we expect it to be concluded timeously.”





Comments
  • Eugene Fourie - 2013-12-05 11:18

    probably be getting a fat severance package as well...

      MWF - 2013-12-05 11:28

      Thanks Brian, after taking your fill of exorbitant bonuses and elite salary you have enough money to power your home(s) by alternate means without flinching. So the fact that we'll have no power won't affect you much. *clap* *clap*

      NickvanGraan - 2013-12-05 11:35

      I'd also quit. Eskom has made him a multimillionaire who never has to work again, now he can leave the headaches and political interference to someone else.

      Klippies Coke - 2013-12-05 11:41

      He's getting out before the sh#t hits the fan

      Carling Blacklabel - 2013-12-05 11:48

      and the cadres are lining up at the trough!

      Fussed Anderson - 2013-12-05 11:52

      Where are you now Cosatu, start with this BIG pay out. He should get nothing.

      Willie van Schoor - 2013-12-05 12:06

      Just irony that the chairperson's surname is Tsotsi?

      Revelgen - 2013-12-05 12:35

      Yep, that's the way our government rolls. Get a high-paying job, work for awhile then get a severance package so massive that you never have to work again. And who pays for this ultimately? WE, THE HARD-PRESSED TAXPAYERS OF SA, THAT'S WHO. Am SO sick of funding the ANC elite. It's time for an Arab Spring here, starting with a complete witholding of tax.

      Jim King - 2013-12-05 17:48

      @Alicia you filthy old hag ! Brian saved Eskom the man is a genuis who has done many good deeds to many less fortunate ....#youoldfart

      Jim King - 2013-12-05 17:48

      Alicia you old fart..you should be ashamed of your hateful comment..

  • Steve Bobs - 2013-12-05 11:19

    No loss..

      Mike Heyns - 2013-12-05 12:14

      Agree, but they must not come now with their sh*t that "they are struggling to keep the lights on!" My electricity bill more than doubled in four years time with their double digit increases which I can do very little about. Promise you my salary did not even remotely increased by 40% over the same period!

  • Shando Kandaba - 2013-12-05 11:20

    hau!!

  • Kayley Buckley - 2013-12-05 11:20

    THE HEAT IS ON!!!

      OldNick - 2013-12-05 11:34

      No the heat is off.... not enough power.

  • Albertus Lombaard - 2013-12-05 11:22

    He will get a multi million rand golden handshake, and then another useless ANC cadre will be appointed to rape households that pay their power bills even more, meanwhile in places like sannieshof power are cut to paying customers, but not to the areas that does not pay I.e. ANC vota bases

      Lerato Matsabisa Ntisa - 2013-12-05 11:26

      Sorry ppl of Sannieshof...You deserve better

      Jim King - 2013-12-05 17:49

      he deserves a 10 mill bonus for keeping you lot with electricity..lets be gratefull..

  • Mica Gogome - 2013-12-05 11:23

    Eish

  • Brendon Okkers - 2013-12-05 11:24

    And that's how the cookie crumbles...I'm sure he will be well looked after...probably walking straight into a fat BEE deal and a government tender!Less stress and more money!

      MWF - 2013-12-05 11:30

      Would be hard to beat the money he was earning at Eishkom

  • Dave Elmore - 2013-12-05 11:25

    Good riddance.. But what a name for the spokesperson...Zola Tsotsi....how appropriate

      Albertus Lombaard - 2013-12-05 11:28

      Bwahaaaaaaaa, that's funny Dave!

      Lerato Matsabisa Ntisa - 2013-12-05 11:30

      Hahahahahahaha,appropriate indeed....LOL

      SocialGrant Shabalala - 2013-12-05 11:31

      Zola Tsotsi is Chief Executive and not a spokesperson

      Alice Tang - 2013-12-05 11:36

      Chairperson

      Kayley Buckley - 2013-12-05 11:38

      SOCIAL GRANT? And that has what to do with Dave joke?

      Dave Elmore - 2013-12-05 11:43

      My most sincere humble and heartfelt apologies

  • Isabel Rodriguez - 2013-12-05 11:25

    Wonder how much he will get in a bye bye package, I couldnt care about this or any other fat cat who awarded themselves with over the top bonusus and so on and so forth, see he is staying on to get the Christmas box as well.

  • Christopher Mark V Lowe - 2013-12-05 11:26

    Great news. Another useless but well paid idiot bites the dust.

  • Marc Anthony Webb - 2013-12-05 11:26

    Good riddance the glass house is beginning to crack...Now wish more would resign and be replace with people capable of doing the job!!!

  • Mo Wino - 2013-12-05 11:27

    He EFF'd the system and now he quits!

  • Yvonne Cawood - 2013-12-05 11:27

    yay

  • Johan Van Der Vyver - 2013-12-05 11:30

    Good riddance !

  • Bradley Liebenberg - 2013-12-05 11:30

    I can promise you that's not an easy Job.... If I had to go to work every day to fight with the unions on the one hand and the government on the other I would want a gazillion Rand a year.

  • Shelly Tyrone Jordan - 2013-12-05 11:30

    job for JuJu

      Michael Felix - 2013-12-05 14:01

      Haha. If Juju gets the job then there won't be electricity, not even for one microwave. He probably won't even know how to turn on a switch.

  • Richard - 2013-12-05 11:30

    I am told that when a ship goes down the rats are the first to leave. Get ready to start your generators, that is if you can still afford the fuel.

  • Mike Hall - 2013-12-05 11:30

    I believe Brian under the circumstances has done a splendid job under the circumstances. His stress levels must be very high on a daily basis to be to run a mega state enterprise with possibly in excess of 50000 employees/contractors and with the unacceptable project delay's which are not of his making but he remains the responsible person. The latest test of resolve is the fatalities at the Ingula Pump Storage scheme which in the end also falls under his watch. I wish him well and hope he is given a "FAT SEVERANCE PACKAGE" and wish him well for the future and hope he continues in the energy field working for a Company that appreciates/utilise his skills

  • Jannie Myburgh - 2013-12-05 11:35

    Bring back the old Board members

  • Cobus du Preez - 2013-12-05 11:36

    Ok so he's gone - yay! Will they now appoint a person capable of doing the job or just another money collector?

      Greg Munn - 2013-12-05 11:45

      Research Dames qualifications and experience before trolling.

  • Travis Palm - 2013-12-05 11:36

    Pockets are sufficiently lined, time to hop on to the next gravy train.

  • Tawizee - 2013-12-05 11:40

    He ran out of energy.

  • Jacqui Daane Van Rensburg - 2013-12-05 11:41

    His bank account won't suffer, that's for sure.

  • Tiaan Du Plooy - 2013-12-05 11:43

    Ja of course...Medupi, Kusile and Ingula problems made it "personal" I'm sure... Now just for his "golden handshake"...

  • proudlysa - 2013-12-05 11:45

    I bet Zuma has already identified a corrupt cadre somewhere that needs to be "redeployed". Loads of candidates....Pule, Joemat Petterson, Mathale, Block, Maharaj! Shaik....the list goes on and on

  • William Hallett - 2013-12-05 11:46

    The BIG RAT, is jumping ship with his tail between his legs!!!!!!!

  • George Williams - 2013-12-05 11:48

    He has already milked the company but as soon as the heat goes up they bail. Maybe this time round they will get someone who can do the job

  • Gerald Majola - 2013-12-05 11:57

    One Word : Medupi! #completecockup

  • Danie Baard - 2013-12-05 12:00

    I hate these idiotic comments from uninformed people, mostly white like myself who clearly have no clue, yet you comment in the most idiotic fashion. If you are upset about high bills - blame your municipalities. South Africa has lost with this greatly - one of the best CEO's I know, who were dealt a 'set of cards' very difficult to manage and play with and who have done very well under very difficult circumstances and with all you fools criticizing him all the time. You go do this job.

      Sean David Coetzee - 2013-12-05 12:10

      Correct you are....it's an ANC appointed post, but Mr Dames knew that when he accepted the position.....most people are upset with the whole situation.....so isn't Mr Dames part of the problem, as a whole?

      ARTFUL DODGER. - 2013-12-05 12:29

      Danie, how much of the 12.2 billion are you getting from the profits???....I'm also white like you!!!!

      Danie Baard - 2013-12-05 13:08

      ARTFUL....... - why is you question relevant again?

  • Sean David Coetzee - 2013-12-05 12:04

    .....time to clean your pool Brian?

  • James Smythe - 2013-12-05 12:05

    His replacement cannot be worse - he has been a failure!

  • Michael Peters - 2013-12-05 12:08

    Eskom is in dire straits and he quits. Then again, does it make a difference really? He got handsomely remunerated. Financially he will have no problems.

  • Ogone Thataone - 2013-12-05 12:13

    Quits?

  • Dalai Rama - 2013-12-05 12:26

    Do with a board Chairperson with a surnamm TSOTSI, he has every reason to QUIT the Titanic before it hits an iceberg

  • Sepp Stoxreiter - 2013-12-05 13:21

    We have become a nation of complainers. I saw it coming a long time ago and installed a PV System in 2011. Running ever since. Generate 40kWh a day. Run 2 aircons, pool pump, heatpump, stove, microwave, kettle a staff of 9 and all their computers and still have power to spare. Research shows that Solar Power will be cheaper than Escom power by 2020. It's time to wake up and smell the coffee made with solar power!!!

  • mikhail.hendricks - 2013-12-05 13:24

    Appalled by all these ignorant comments. Mr. Dames got to where he currently is through hard work and dedication. He has the necessary qualifications and was and still is the most appropriate person for the job. Please don't comment just for the sake of it. Do your googling and comment on facts.

  • mikhail.hendricks - 2013-12-05 13:24

    Appalled by all these ignorant comments. Mr. Dames got to where he currently is through hard work and dedication. He has the necessary qualifications and was and still is the most appropriate person for the job. Please don't comment just for the sake of it. Do your googling and comment on facts.

  • Ronald Calvin Jeffs - 2013-12-05 13:47

    Maybe he knows something that could be damaging and is abandoning ship? What will happen when one of the power stations go offline at the end of this month? That is 3000MW less on the grid = Load Shedding......

      waldo.olivier - 2013-12-21 16:04

      Kriel power station wont go offline, it will be running at half load to fall within the new emmisions limit.

  • John Warwick Lithgow - 2013-12-05 14:39

    He who lies with a straight face. Like so many others who run this once proud country.

  • Ngwato Wa Ga Monakedi - 2013-12-05 16:37

    Khubusile zuma for CEO, watch the space.

  • Prakash Singh - 2013-12-05 16:55

    Another liar, thief and corrupt convicted criminal from the corrupt ANC.

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