Without permanent CEOs state-owned group of companies struggled to fulfil its mandate for years
The Central Energy Fund has filled all vacant CEO positions, marking the first time in six years that the state-owned company and its subsidiaries have had permanently appointed leaders.
The appointments come while the group, like all energy companies, faces turbulent times brought by the slump in fuel demand coupled with global oversupply, said CEF group chairperson Monde Mnyande. “I am pleased that the appointment of these executives are finalised at a time when the CEF group is embarking on a campaign to drive investments in the energy value chain geared to reignite the SA economy and create much-needed jobs.”
Pragasen Naidoo, a chemical engineer who served as the group chief operations and business development officer at the CEF, has been appointed as CEO at PetroSA.
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