DURBAN - Lynne Brown, Minister of Public Enterprises, has announced the appointments of new Executive Directors at Denel, SAFCOL and Alexkor.
The appointments were affected in line with the State-Owned Companies; (SOC) Memoranda of Incorporation. They also followed the department's executive appointment guidelines which required the Minister to present to Cabinet recommendations for approval.
The new Executive Directors are on a five year contract that are subject to yearly performance reviews. The executives are appointed as ex official members of the companies' respective Board of Directors.
The new appointments at Denel are Zwelakhe Ntshepe as the new Group Chief Executive Officer (GCEO) and Odwa Mhlwana as the Group Chief Financial Officer (GCFO).
Ntshepe joined Denel 21 years ago and previously served as the Denel Group Executive and was responsible for Business Development and Corporate Affairs.While Ntshepe was acting GCEO, the order book for Denel grew to over R35 billion. Mhlwana previously worked for Denel subsidiary Land Systems South Africa (LSSA) which is now known as Denel Vehicle Systems (DVS).
State-owned forestry company, SAFCOL's new CEO is Tsepo Monaheng.
Monaheng has 15 years experience at management level in the SOC environment. He also has more than 22 years commercial expertise in the public sector. Monaheng has also worked at Transtel, a Transnet division, as a telecommunication engineer. He also was a senior engineer at the Airports Company of South Africa and at Denel Dynamics as the Programme Manager. His last position before going to SAFCOL was as the CEO Denel Dynamics.
The new Alexkor CEO is Lemogang Pitsoe and Adila Chowan is the CFO of Alexkor. The appointment of the new executives is important to drive sustainable performance at Alexkor.
Pitsoe has had exposure to different mining projects. From 2011 to February 2017 he served as the General Manager of Mining at Hernic Ferrochrome. Chowan has experience as both a senior and executive financial manager in the private and public sectors. Chowan has worked as the Deputy Director-General: SCM at the Department of Public Works since February 2016.
- BUSINESS REPORT ONLINE