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ESKOM HOLDINGS SOC LIMITED - Eskom Board and Chairperson agree to part ways amicably

Release Date: 31/03/2015 11:00
Code(s): EL31 EL30 EL29 ES23 EL28 EL037 EL15 EL36 ES15 ES18 ES26 ES33 ES42     PDF:  
Wrap Text
Eskom Board and Chairperson agree to part ways amicably

ESKOM HOLDINGS SOC Ltd

MEDIA STATEMENT

31 March 2015



Eskom Board and Chairperson agree to part ways amicably

Tuesday, 30 March 2015: After much deliberation the Eskom board today accepted the presentation
made by Chairperson Mr Zola Tsotsi. The Board and the Chairperson thereafter held a constructive
discussion about charting a way forward for the power utility.

Following this discussion, Mr Tsotsi agreed to step down as a Director and Chairperson of the Board.
Speaking after the meeting, Mr Tsotsi indicated that the board had unity of purpose and that his
decision to step down was in the interest of the company and the country and was done in order to
allow the board to focus on the core issues facing Eskom.

This step, the board believes, will ensure that the Eskom can focus on the challenges facing it and
sets the company on a new path to regain the confidence of all stakeholders concerned in ensuring
the important work of meeting the energy needs of the country.

Speaking on behalf of the board, Acting Chairperson Dr Ben Ngubane thanked Mr Tsotsi for the
selfless decision he has taken in placing the interests of the company and the nation first. Dr
Ngubane also thanked Mr Tsotsi for his valuable service to Eskom over the years and wished him
well in his future endeavours.

ENDS

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