Pretoria - Newly appointed Transnet chairperson, Mafika Mkwanazi, has been tasked with the additional responsibility of assuming the Group Chief Executive function as from 16 December.
He assumes all the responsibilities of the GCE role until the company finds a permanent candidate.
Public Enterprises Minister Malusu Gigaba announced the company's new board last week, which saw Mkwanazi assume chairmanship of the board.
"As chairman, finding a suitable candidate for the vacant position of GCE will be one of Mr Mkwanazi's main responsibilities, after which he will return to his normal role. To that effect, the board has appointed a Corporate Governance and Nominations Committee to run the process of appointing a GCE," said the board of directors.
Mkwanazi takes over from the current acting GCE, Chris Wells, who has resigned from the company with effect from 31 March 2011. His resignation included a proviso that he would stand down from his current post as soon as an alternative was appointed (prior to 31 March 2011).
"Accordingly, Wells will relinquish the GCE position with immediate effect but will remain with the company until the end of the financial year to assist Mkwanazi with the handover and other matters to be agreed upon," said the board.
