Denel has appointed William Hlakoane as the acting Group CEO, effective from today.
This comes after Talib Sadik’s contract ended, the state-owned company announced on Monday.
Hlakoane, who is currently the chief operating officer, is a mechanical engineer with an MBA from Milpark Business School.
“His appointment allows for a seamless transition into the role. He has a wealth of experience in the manufacturing sector, backed by a solid career track record that adds value to Denel,” the company said.
Denel has described him as an experienced executive in operations management with in-depth technical abilities, project management and business development.
Board chair, Monhla Hlahla, has assured employees, suppliers, customers and all stakeholders that while the board is dealing with the difficult financial challenges facing Denel, the focus remains on the business turnaround towards sustainable growth and profitability.
The entity said the recruitment process for a permanent CEO was under way and the appointment would be communicated to all stakeholders in due course.