The only thing he didn’t control was Synfuels (Secunda), SPI (the very small exploration arm of the business). https://www.businessinsider.co.za/who-is-sasol-ceo-andre-de-ruyter-2020-1 According to the Nampak annual report, De Ruyter earned almost R18.3m in 2018. But Wayne McCurrie of FNB Wealth and Investments says the criticism of De Ruyter’s performance at Nampak is misplaced. This may be tough for people at Eskom, as he will call out poor performance, but he absolutely understands the shop floor.”, He knows manufacturing – and is focused on customers. He takes over after months of speculation about who would replace Phakamani Hadebe, who resigned in … After months of speculation and delays, South Africa named Andre de Ruyter as chief executive officer of its debt-crippled state power utility, surprising investors with an … “By the time he left, Olefins and Surfactants was the second-best performing business in the Sasol Group, second only to Synfuels,” a Sasol colleague remembers. He used to walk the floor in Sasolburg all the time. “By the time he left, Olefins and Surfactants was the second-best performing business in the Sasol Group, secondly only to Synfuels,” a Sasol colleague remembers. Sasol Turbofuels™ Overview; Sasol Delight; Get your Glug-Glug back; Glug-Glug Getaway Competition; Play your MOVE PS5 competition; Polo Vivo Giveaway; Move with Glug-Glug; Contacts; Franchise Opportunities; Spider-Man-Far-From-Home; Fill up and fly; Sasol Delight Bakery; Products; 70 years. De Ruyter started at Sasol straight after university – he received an LLB through Unisa and later an MBA from a Dutch university - and held various positions in Sasol Mining, Sasol Oil, Sasol Gas and Sasol Synfuels International. “So while Nampak clearly did not go from strength to strength and recover its ‘blue chip’ status of the 1990s, I think it would be harsh to negatively judge him on this. He was a member of the Sasol group executive committee from 2009 to 2014, and spent some time in China as President of China Ventures and also in Germany in a business turnaround and management capacity. André de Ruyter, Sasol Senior Group Executive for Global Chemicals and North American Operations. “He will be looking to the factory floor to rebuild trust and confidence. De Ruyter spent about 20-years working as a Sasol executive and helped turn around its fortunes. “It won’t ever be restored to its former glory.” The new CEO will have to unbundle and restructure Eskom, making sure that it is equipped for a sustainable future, says Yelland. He is on the Board of Directors at Nampak Plastics Europe Ltd. and Nampak Ltd. Mr. de Ruyter was previously employed as a Senior Group Executive-Global Chemicals by Sasol Ltd. and a Managing Director by Sasol Olefins & Surfactants Pty Ltd. Passed over as Sasol CEO, De Ruyter moved on, accepting the top job at packaging company Nampak Ltd. In 2014, De Ruyter left Sasol to join Africa’s largest diversified packaging firm, which was starting to show some serious cracks. Pretoria-born De Ruyter holds a BA degree from the University of Pretoria, an LLB from Unisa and an MBA from Nijenrode University in the Netherlands. Andre Marinus De Ruyter is Chief Executive Officer at Eskom Holdings Ltd. See Andre Marinus De Ruyter's compensation, career history, education, & memberships. Mr. De Ruyter also received a graduate degree from the University of South Africa. Every other part of the business that he ran required coal.”. This started to backfire after the oil price collapse in 2014-2015, which contributed to foreign currency volatility and problems repatriating money from those markets, as well as from Zimbabwe, which continued to crater during this time. Eskom can’t survive in its current format: its earnings from operations are now less than half of its debt service commitments. Nampak is Africa's largest diversified packaging manufacturer, and has been listed on the JSE for fifty years. The company struggled with net debt of R5.7 billion due to aggressive expansion outside of South Africa, particularly in Nigeria and Angola. “He will be looking to the factory floor to rebuild trust and confidence. Public Enterprises Minister Pravin Gordhan announced on Monday that Andre de Ruyter had been appointed as the new CEO of Eskom and that he would commence duties on January 15, 2020, at a salary below that of the current compensation package. University of South Africa: Bachelor’s Degree 2. All JSE data is delayed by at least 15 minutes, The sky-high breakdowns at Eskom may not be all bad news - expert, Wits engineers have built an affordable off the grid system - and they want it to power whole villages, Medupiâs trouble just cost Japanese construction company Hitachi another R15 billion â but the money wonât be going to Eskom, *Copyright © 2021 Business Insider Inc.All rights reserved.Registration on or use of this site constitutes acceptance of our. But analysts and former Sasol colleagues told Business Insider SA that his time at the energy giant is key to understanding what he will contribute to Eskom. His predecessor at Eskom, Phakamani Hadebe earned less than half of that amount last year, and De Ruyter has already agreed to take a pay cut, the department of public enterprises confirmed. In addition, its UK operation was hit by Brexit and the South African economy faltered, hitting demand for its products in local markets. Yelland believes De Ruyter is well-suited to the Eskom job given that Sasol is a large energy provider itself. Sasol is an international, integrated energy and chemicals manufacturing company that employs more than 34,000 people in 38 countries. He slammed high power costs for the dire state of manufacturing in South Africa. “By the time he left Sasol he was running probably 90% of the Sasol business. Dr Reuel Khoza, who recently joined the Public Investment Corporation as chair, also served on the Nampak board with them. De Ruyter’s job won’t be to save or fix Eskom, says Yelland. It has 25 factories in South Africa, which contributes 60% of its income, as well as 18 sites in the rest of Africa, and 8 in the UK. Every other part of the business that he ran required coal.”. Hi… De Ruyter is married, has three children, and lives in the north of Johannesburg. André de Ruyter, Sasol Senior Group Executive for Global Chemicals and North American Operations 0. “What people are forgetting is that this man knows coal,” a former Sasol executive told Business Insider SA. While De Ruyter succeeded in lowering Nampak's net debt to below R4bn by last year – by selling some of its assets and cutting costs - the company continued to suffer, with its revenue down from R20bn five years ago to R17bn, and trading profit remaining flat. Bolstering manufacturing to 28% could create more than 1 million jobs, he argued. Apart from a renewed bout of load-shedding and power stations that are falling apart, the new Eskom CEO heads an operation with earnings that are far exceeded by its debt repayments. One of his biggest achievements was restoring the loss-making Sasol Olefins and Surfactants in Germany to profitability. They worked together until Mboweni resigned as chair last year on his return to public service. Get the best of our site delivered to your inbox every day. André het vir meer as 20 jaar by SASOL gewerk, en was van 2014 … André de Ruyter, Senior Group Executive Operations of Sasol, said: “The additional capacity to be built at Lake Charles will help Sasol’s global customer base achieve its long-term polymer and elastomer growth prospects, and the investment reflects our confidence in the competiveness of the US petrochemicals industry”. In 2014, De Ruyter left Sasol to join Nampak, which was starting to show some serious cracks. Apart from his manufacturing skills, he also brings something else to Eskom which insiders of the state-owned utility lacks – he sees the world from customers’ eyes, says Yelland. Eskom's new CEO is Andre de Ruyter, and he starts work soon. In addition, its UK operation was hit by Brexit and the South African economy faltered, hitting demand for its products in local markets. Apart from importing gas, it generates a lot of its own power, and also owns its own coal mines, using the output as feedstock to generate power. Finance minister Tito Mboweni joined Nampak in 2010 as chairperson, four years before De Ruyter was appointed as CEO. Its share price has lost more than 80% of its value during this time. The only thing he didn’t control was Synfuels (Secunda), SPI (the very small exploration arm of the business). André has 1 job listed on their profile. Eskom head Andre de Ruyter is alleged to have misled the board, leading to the cancellation of a R5.2 billion fuel oil contract. In response, “De Ruyter did take the tough decisions,” says McCurrie. Incoming Eskom CEO André de Ruyter has denied engaging in “questionable stock sales” months before resigning from Sasol to join Nampak as its CEO in 2013. “Much of which was not clear from the financials at the time.". Andre de Ruyter, a man with a wealth of experience in the petrochemical industry, is currently topping the news. Mr. André M. de Ruyter is a Chief Executive Officer & Executive Director at Nampak Ltd. He also headed Sasol’s North American operations, and was in charge of the initial stages of the eventually ill-fated Lake Charles Chemicals Project. He has three university degrees to his name, including an MBA. While De Ruyter succeeded in lowering Nampak's net debt to below R4bn by last year – by selling some of its assets and cutting costs - the company continued to suffer, with its revenue down from R20bn five years ago to R17bn, and trading profit remaining flat. We tried out controversial DIY genetic testing to identify health and fitness issues – here’s what we found. “He inherited a mess,” an associate close to De Ruyter told Business Insider SA. By their very nature, mega-projects like Lake Charles carry large risks and are massively unpredictable, he added. A lot has been written about how surprising Andre de Ruyter is as the choice of Chief Executive Officer of Eskom. Botha says De Ruyter, who earned more than R18m in the past year, was “hopelessly overcompensated”, while failing to turn around Nampak. Celebrating our partners; Contact Us. One blot against his name was his initial work on what would eventually be the disastrous Lake Charles Chemicals Project, which may end up costing almost R200bn – double the budgeted amount. By Press Release on October 30, 2013. Meet Andre de Ruyter, the new Eskom group chief executive. De Ruyter was an outlier for the job, having made his name as a manager at Sasol Ltd., the chemical and fuel producer, heading businesses in China and Germany. De Ruyter is accused of deliberately misleading the parastatal’s board in a March 25 meeting, which led to the cancellation of a R5.2 billion fuel oil contract with black-owned company Econ Oil & Energy Ltd. André de Ruyter Biography, Age, Wife, Career, Salary & Net Worth André de Ruyter (born 1969 in Pretoria) currently serves as the Group Chief Executive (GCE) of Eskom Holdings SOC Ltd. Table of Contents1 André de Ruyter Age2 Career3 Education4 Family5 Salary6 Net Worth6.0.1 Reference André de Ruyter Age He was born in 1969 in Pretoria, South Africa. Energy expert Chris Yelland believes De Ruyter is well-suited to the Eskom job given that Sasol is a large energy provider itself. This includes selling Nampak’s glass division for R1.5bn. De Ruyter also wanted government to lower electricity rates to industry, and as a former chairperson of the Manufacturing Circle, he blamed high energy costs, in part, for the shrinking manufacturing sector, which currently contributes to around 10% of South Africa’s GDP, from 24% three decades ago. “SA was already flat (plastic packaging and packaging in general are really no longer sexy)," McCurrie added, and Nampak also faced big structural competition in a stagnant local economy. De Ruyter has studied in South Africa, but completed his business honours in the Netherlands. Share. “André is super smart, considered, calm, and he doesn't take any k*k,” the former Sasol executive told Business Insider South Africa. He believes that shareholders may have eventually forced De Ruyter out. Twitter Facebook Google+ Pinterest LinkedIn Tumblr Email. De Ruyter started at Sasol straight out of university, and held various positions in Sasol Mining, Sasol Oil, Sasol Gas and Sasol Synfuels International, and lead the development of Sasol's synthetic fuel plant in China. “André is a very good people person and he understands that you win on the ground,” his colleague says. Sasol wanted to sell the unit in the early 2000s, but after De Ruyter was seconded to the business, he managed to turn it around. Andre de Ruyter, the new CEO of embattled state power utility Eskom, has experience trying to turn around struggling companies. It is most likely that Nampak would have been worse off had a person of his calibre not been employed,” McCurrie says. 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Sasol wanted to sell the unit in the early 2000s, but after De Ruyter was seconded to the business, he managed to turn it around. Still Yelland believes that De Ruyter cannot be blamed for how the project, which largely went pear-shaped in the most recent years, turned out. In the past, De Ruyter vehemently opposed above-inflation Eskom tariff hikes and demanded that the utility should address its own inefficiencies before it recovers losses from its customers. The companies were formed over a one year period with the most recent being incorporated six years ago in July of 2014. University of Pretoria:Bachelor’s Degree 3. Meet the 50-year-old business dynamo with the most unenviable task in South Africa. He was a member of Sasol’s group executive committee from 2009 to 2013. Eskom’s debt burden has now topped R450 billion, and over the past decade, its 10 former CEOs and 6 boards could do little to stop the escalating crisis at the utility. De Ruyter ‘was a nightmare at Sasol, subverted the board’ Business News 1 year ago Creative reporting and ‘other nasty tendencies’ are just some of the allegations being made about De Ruyter. André de Ruyter didn’t have much of a honeymoon period following his appointment as Eskom’s new CEO, amid union criticism and the utility’s bond yields taking a hit in the wake of the news. When Business Insider SA spoke to him briefly on Tuesday, De Ruyter was upbeat, and only laughed when asked why he sounded so calm in the face of such a daunting task - before referring all queries to the department of public enterprises. His name has been on the headlines after he was appointed as the new CEO of Eskom after an interview that was on 18th November 2019. Zero of the companies are still … South Africa appointed Andre de Ruyter as chief executive officer of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the … Universiteit Nyenrode Netherlands Business School: MBA honours He spent more than 20 years with Sasol in senior management roles, working in their energy and chemicals industries. He was also credited with trying to persuade Sasol not to pursue a Chinese coal-to-liquid project due to environmental and cost reasons – which eventually was the course they took. Sasol‘s senior group executive in the global chemicals department has resigned, with effect from the end of November, the company said on Monday. Shareholder activist Theo Botha of Proxy View also objects to De Ruyter’s large pay packets – which included a “retention bonus” of R7m, initially rejected by shareholders – while the company was struggling. One former executive at Sasol said that De Ruyter is “a natural-born CEO”. André de Ruyter André spent more than 20 years with petrochemicals group Sasol in a number of senior management positions. Andre De Ruyter Overview Andre De Ruyter has been associated with two companies, according to public records. We build and operate large-scale petrochemical He criticised De Ruyter’s decision to persist in the company’s strategy to build businesses on the rest of the continent, using profits from the stable South African businesses, and to sell local assets. “What people are forgetting is that this man knows coal,” the former Sasol executive says. “André is a very good people person and he understands that you win on the ground,” a former colleague at Sasol says. One of his biggest achievements was restoring the loss-making Sasol Olefins and Surfactants in Germany to profitability. The company struggled with net debt of R5.7 billion due to aggressive expansion outside of South Africa, particularly in Nigeria and Angola. Nampak has some 5,600 employees – compared to Eskom’s 47,000 workers. He used to walk the floor in Sasolburg all the time. He obtained a graduate degree and an undergraduate degree from the University of Pretoria. Opvoeding. https://www.businessinsider.co.za/andre-de-ruyter-2019-11-2 “By the time he left Sasol he was running probably 90% of the Sasol business. By. As of 2020, he is 51 years old. Andre de Ruyter has been appointed head of Eskom. De Ruyter het 'n Meestersgraad in Besigheidsadministrasie aan die Nyenrode Besigheidsuniversiteit in Nederland, 'n Baccalaureus in die Regte (LLB) wat hy aan die Universiteit van Suid-Afrika verwerf het, asook 'n Baccalaureus in Siviele Reg en 'n Baccalaureus Artium aan die Universiteit van Pretoria.. Loopbaan. Apart from importing gas, it generates a lot of its own power, and also owns its own coal mines, using the output as feedstock to generate power.
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