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Eskom CEO announces resignation

Eskom has announced the resignation of its CEO Brian Dames, who will leave at the end of Eskom’s financial year in March 2014. This time frame allows for a planned succession process. During this time the Eskom board and Dames will work together to ensure a smooth transition to a new CEO.

Dames took his position as chief executive at Eskom on 1 July 2010, bringing stability to an Eskom under stress. He now completes a 26 year career at Eskom, having substantially turned around the organisation.

Dames calls on Eskom and all its stakeholders to give their full support to his successor. “As I turn my attention to my family and a new phase in my career, I will continue to support Eskom and its people, including my successor, as best I can. Eskom is a remarkable place to work and the foundation for South Africa’s future. Eskom deserves our support and I intend to be a cheerleader for its success.”

In addition to his position as Eskom CEO, Dames is a member of the board of Vereinigung der Großkessel-Besitzer e.V. (VGB), EPRI board, a member of the executive committee and vice chairman of the World Business Council for Sustainable Development and a member of the UN Secretary-General’s high-level group on Sustainable Energy for All as well as non-executive board member of the IDC.

He has a BSc (Hons) from University of the Western Cape, an MBA and a Graduate Diploma in Utility Management from Samford University in the USA.

Eskom also announced the appointment of Tsholofelo Molefe as the new finance director of Eskom. Molefe who has been Eskom’s group executive for customer services will take over her role immediately. Her responsibilities included looking after 4.9 million customers of Eskom, that is, key industrial customers, municipalities/redistributors and residential customers. She was also accountable for driving energy efficiencies and demand side management initiatives, as well as facilitating the independent power producer grid access framework on behalf of Eskom. Molefe is a chartered accountant by profession. She has been with Eskom since 2005.