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Economy

Marokane rejoins Eskom as new chief executive

11 Dec 2023 - by Staff reporter
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Public Enterprises Minister Pravin Gordhan has announced the appointment of Dan Marokane as the new group chief executive of Eskom.

Marokane is a qualified chemical engineer who has an MBA and is a seasoned executive with more than 20 years’ senior leadership experience, the Department of Public Enterprises said on Friday.

He is expected to join Eskom no later than March 31, 2024.

“The advertisement for the post attracted 409 applications. From this process, 12 prospects qualified for further steps in the selection process,” the department said in a statement.

“[Marokane] has experience working in distressed organisations with visible and pressurised turnaround mandates. His recent assignment was at Tongaat-Hulett, where he stepped up to lead this financially distressed business when its group chief executive resigned.

“Mr Marokane was a senior manager in Eskom from 2010 to 2015, holding various senior positions, including head of Group Capital in Eskom,” the department said.

He was one of four senior managers suspended during the State capture period. He subsequently resigned and went into the private sector.

“Mandatory checks, which include criminal and credit checks, verification of identity, qualifications, directorships, and establishment of conflicts of interest were completed,” the department said.

The date of commencement will be announced once he has concluded the handover process with his current employer.

“Mr Marokane thrives on challenges, has the drive to energetically tackle the challenges confronting Eskom, and is also ethically grounded."

Gordhan thanked the board for conducting a competitive and transparent process for the appointment of the new group CEO

“The Board has been requested to constitute a professional, skilled and committed executive team that will collectively lead Eskom through a complex but exciting journey, including achieving energy security for our people and the economy, implementing the Eskom Just Energy Transition and concluding the restructuring of Eskom,” Gordhan said.

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