Embattled power utility, Eskom with over R423 billion debt has appointed their CFO Calib Cassim as interim CEO following the abrupt departure of André de Ruyter.
He takes on the role with immediate effect, until further notice, the power utility said in a statement on Friday.
Cassim, who is the current chief financial officer at the embattled company, replaces Andre de Ruyter who was pushed out of office on Wednesday.
This follows a fallout between De Ruyter, the board of Eskom, the government and the ANC.
De Ruyter accused the ruling elite of using Eskom as a feeding trough with no interest in resolving load shedding and the energy crisis.
Cassim was appointed as Eskom’s CFO in November 2018 after serving as acting CFO from July 2017, Eskom said in a statement.
“He is a registered chartered accountant and holds a masters degree in business leadership.
“With over 20 years of service in Eskom, his qualifications and extensive experience have provided Mr Cassim with a deep understanding and appreciation of the Eskom business and electricity industry, especially regarding the challenges facing the financing of operations and future expansion of the industry,” the company said in a statement.
Meanwhile on Friday morning, Minister in the Presidency Mondli Gungubele joined groups putting pressure on De Ruyter to reveal the names of the minister and senior government officials involved in the looting of Eskom.
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