JOHANNESBURG – SAA on Thursday announced the appointment of Deon Fredericks from Telkom as SAA’s new interim chief financial officer (CFO).
The appointment is effective from October 15, 2018 and he is on secondment from Telkom for a 12-month period.
“We welcome the appointment of Mr Fredericks to ensure that SAA’s strategic objective of transforming the business into a financially sustainable aviation group is achieved,” said JB Magwaza, the chairperson of the SAA board of directors.
Fredericks is currently Telkom’s chief investment officer, and was previously CFO from September 2014 to July 2018. A chartered accountant, a CIMA-qualified chartered global management accountant with an honours degree in accounting and business management, Fredericks has more than 30 years’ experience working in blue-chip organisations.
Fredericks takes over from Robert Head whose contract as SAA interim CFO ended on September 30.
“We would like to thank Bob for his contribution during a difficult time for the airline and wish him well in his future endeavours,” said Magwaza.
SAA will, in the ensuing 12-month period, initiate and finalise the recruitment process for the appointment of its permanent CFO.