var range = window.getSelection(); He holds various qualifications, including an LLB and MBA and has experience in creating and managing high-performing businesses. Andre de Ruyter, current CEO of Nampak, has been appointed as the new chief executive of Eskom and will assume his duties on January 15, the Ministry of Public Enterprises has said. De Ruyter has served as Nampak CEO since 2014. 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 has more than 20 years of experience at petrochemicals group Sasol in a number of senior management roles, the ministry said in… var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); ... At present the future chief executive is the CEO at Nampak … But former colleagues and analysts have defended his track … if (textParagraph) { According to thenation.co.za, he occupies the position of CEO at JSE-listed packagi… Finance Minister Tito Mboweni has said debt relief will only be considered after the utility shows progress in improving cash flow management and operations, setting up the three units and ensuring they are run within their means. Nampak CEO, André de Ruyter, was recently interviewed by The Red Zone’s Jeremy Maggs to discuss the role of packaging beyond marketing and the type of challenges which the industry is facing. imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", The South African government has appointed Nampak's Chief Executive Andre de Ruyter as the new group CEO of struggling state-owned power … They are absolutely correct in the fact that he is being paid far less than his unsuccessful predecessors is absolutely racist!!! Smuts will take over on January 15. Are we sure this is the best guy to be in charge of Eskom, and in effect the country’s energy supply? However, … var oldTweetLink = document.getElementById("tweetLink"); Presently, André Marinus de Ruyter occupies the position of Chief Executive Officer & Director at Eskom Holdings SOC Ltd. Prior to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol in a number of senior management roles. André de Ruyter the CEO of Nampak talks about the cost of complexity in manufacturing The EFF has since proclaimed in the media that this appointment is racist. Mr. André M. de Ruyter is a Chief Executive Officer & Executive Director at Nampak Ltd. The rand pared a decline after the announcement, while Eskom’s dollar bonds were little changed. Andre de Ruyter will take up the position of Eskom group chief executive from January 2020. Nampak has already secured long-term contracts to supply customers with a mix of glass bottles and jars. This appointment comes four months after Phakamani Hadebe resigned from the position in July. As of 2020, he is 51 years old. I will sit on my hands. Pravin Gordhan, Public Enterprises Minister on Monday announced that Andre de Ruyter had been appointed as the new CEO of Eskom. © 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy, © 2021 BizNews, Inc. | The Rational Perspective. } De Ruyter’s appointment came as a surprise. Career. newTweetLink.href = "https://twitter.com/intent/tweet?text=" + encodeURI(text) + "&url=https://www.moneyweb.co.za/news/south-africa/nampaks-andre-de-ruyter-appointed-as-eskom-ceo/&via=Moneyweb"; Nampak CEO, André de Ruyter, was recently interviewed by The Red Zone’s Jeremy Maggs to discuss the role of packaging beyond marketing and the type of challenges which the industry is facing. He sits as a member of the board of Nampak Holdings (UK) Ltd. and Nampak Plastics Europe Ltd. Andre de Ruyter, CEO of packaging group Nampak, has been appointed CEO of Eskom. } “Of the R1,2 billion invested in the third furnace, 50% was spent on developing the building in South Africa and the balance was used to buy the furnace equipment in Europe,” said André de Ruyter, CEO of Nampak. Andre de Ruyter was a surprise choice for Eskom CEO but public enterprises minister Pravin Gordhan said that after extensive interviews all ministers agreed on the appointment. jQuery(appendedTweetLink).css({ Resigned Directorships 0. University of Pretoria:Bachelor’s Degree 3. https://onafhanklik.com/2020/01/22/2020-eskom-andre-de-ruyter-interview Erik Smuts has been announced as group CEO of Nampak after CEO Andre de Ruyter resigned last month to take up the post of embattled Eskom boss. The world is changing fast and to keep up you need local knowledge with global context. De Ruyter is currently the CEO at Nampak, the continent’s largest packaging firm. Despite the country's debt-to-GDP ratio nearing the 100% mark seen as a red line for investors and credit rating agencies. Total Directorships 1. Unless the ANC stop with their political interference and kick the unions in their teeth, Andre de Ruyter have absolutely ZERO chance of success. The state-owned power company has been looking for a new CEO since Phakamani Hadebe in July became the 10th person to vacate the post in as many years. if (window.getSelection) { I’ll reserve my as well. ESKOM, the South African government-owned power utility, is to investigate allegations of racism leveled against its group CE, André de Ruyter, said BusinessLive.. De Ruyter, the former CEO of packaging group Nampak, was brought in to spearhead a turnaround the embattled power utility in January 2020, but has recently been accused of helping purge black suppliers, in favour of white … After starting with a salary cut, I hope he implements the same salary cut across the board and all staff. tweetLink = createTweetLink(getSelectedText(), e); He has an LLB … imageBtnPrev: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", Will I be declared insolvent if my late partner’s estate is declared insolvent? He has more than 20 years of experience at petrochemicals group Sasol … Andre de Ruyter, current CEO of Nampak, has been appointed as the new chief executive of Eskom and will assume his duties on January 15, the Ministry of Public Enterprises has said. Andre de Ruyter, who is currently the CEO of packaging group Nampak, will take over from Phakamani Hadebe. The following constitutes how NUMSA experienced Andre de Ruyter’s ruthlessness at Nampak, contrary to the glossy image painted by the board: 1. Andre de Ruyter, the CEO of packaging giant Nampak, has been appointed the new Chief Executive of Eskom. } Andre de Ruyter is currently CEO at Nampak, the largest packaging company in Africa. Andre de Ruyter is currently CEO at Nampak, the largest packaging company in Africa. Andre de Ruyter, the CEO of Nampak Limited, was appointed as the CEO of Eskom. Opvoeding. With him in charge, Nampak shares lost more than 80% of their value during the last 5 years, en more than 50% in the last year alone. Mr. André M. de Ruyter is a Chief Executive Officer & Executive Director at Nampak Ltd. By continuing to use our website, we assume you are okay with it. André de Ruyter Age. Hope he has his cyanide pill ready for the suicide mission !!! He is expected to take over office on 15th January 2019. Since he joined Nampak the share price lost 75% of its value…from R40 to under R8. My commentary was rudely disrupted by the arrogance of … Nampak CEO Andre de Ruyter replaces former CEO Phakamani Hadebe, who stepped down in July. Smuts will take over on January 15. A chief restructuring officer has been appointed to consider how to reorganise Eskom’s debt, but the government has yet to reveal its preferred option. His role overlapped with finance minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018. Erik Smuts has been announced as group CEO of Nampak after CEO Andre de Ruyter resigned last month to take up the post of embattled Eskom boss. return newTweetLink; Public Enterprises Minister Pravin Gordhan has unveiled plans to split Eskom into generation, transmission and distribution units by the end of 2021, a reorganisation he says will enable the businesses to manage costs more effectively and make it easier for them to raise funding. "left": x Andy Calitz would have fitted your requirements like a glove – wonder why he didn’t get it in the end…. }); According to the minister, De Ruyter would resume duties on the 15th of January 2020, at a salary below that of the current compensation package. A good start : Not another BEE Deployee !!! Meida speculation about who the third person was didn’t include De Ruyter. return undefined; event.preventDefault(); New CEO Andre de Ruyter driving Nampak deeper into high margin African countries 21st November 2019 27th May 2014 by Alec Hogg Despite the evidence released today of the contraction of South Africa’s economy for the first time since 2009, the rest of the continent is truly booming which is undeniably highlighted for us by Andre de Ruyter. University of South Africa: Bachelor’s Degree 2. Join our mailing list to receive top business news every weekday morning. Even the most brilliant Head with an ideal team will stand powerless and be doomed to fail if Govt do not do what is right. NUMSA statement on the appointment of Andre de Ruyter as Eskom GCEO. De Ruyter, who is currently the CEO of Nampak Ltd. Andre De Ruyter is the new chief executive officer of Eskom. } } function createTweetLink(text, e) { In 2014, De Ruyter left Sasol to join Nampak, which was starting to show some serious cracks. Fullerton, a former chief executive of MB Technologies, was appointed Nampak’s chief financial officer in 2015. Andre de Ruyter (Photo: Nampak) André de Ruyter's appointment as Eskom's new CEO has been met with some criticism, primarily centred on his tenure as CEO of the struggling Nampak. Now all government needs to do is ‘get out of the way.’ Unions also need to take a haircut if the CEO starts with one. Nampak’s chief Andre de Ruyter was officially made Eskom CEO on Monday night, and he will begin the arduous task of turning around the firm’s fortunes from January 2020. Don’t know this guy but the market is voting and sees no colour. He has three university degrees to his name, including an MBA. if (document.selection.createRange) { A policy paper released last month also envisions the utility being exposed to greater competition, lowering its fuel costs and increasing its renewable-energy output. Andre Marinus De Ruyter is Chief Executive Officer at Eskom Holdings Ltd. See Andre Marinus De Ruyter's compensation, career history, education, & memberships. Goei geluk – goodluck and Godspeed to Mr De Ruyter. He served as the Managing Director at Sasol Olefins and Surfactants Pty Ltd. While the Treasury suggested that Eskom could settle its entire debt by selling some of its plants, President Cyril Ramaphosa said the utility’s new plants are its “crown jewels” and should be retained, while it would be difficult to find buyers for the older ones. Not so subtle admission, finally by ANC that its ‘deployed, disciplined cadres’ are everything but useful in these posts. oldTweetLink.parentNode.removeChild(oldTweetLink); André de Ruyter (born in Pretoria) is the Chief Executive Officer and Director at Eskom Holdings SOC Ltd. Andre De Ruyter worked in NAMPAK CONSUMER GOODS LIMITED as a Company director. }, false); Sasol stint was during an energy bull market. You are currently viewing our desktop site, do you want to download our. 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 biggest threat to its economy. Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg. jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { Andre de Ruyter was appointed CEO of Nampak in April 2014 and inherited a ‘dogs breakfast’ of a company that had expanded into Nigeria and … MR ANDRE DE RUYTER De Ruyter moved to Nampak the following year and so cannot be held responsible for the delays and huge cost overruns, which have plagued what … Over a 30-year career, André de Ruyter has plied his trade both locally and internationally in various portfolios in the energy space. Quite a wildcard here.. let’s see how it goes. André het vir meer as 20 jaar by SASOL gewerk, en was van 2014 … I mean he basically destroyed Nampak? var range = document.selection.createRange(); Weird appointment : the Company probably needs a legal financial engineering expert. Chris Logan of Opportune Investments, who has been jousting with the Nampak board of directors for years, posed some tough questions at yesterday’s Annual General Meeting. jQuery('img[class*="wp-image-"]').bind('click', function () { Terms of use. De Ruyter is currently the CEO of packaging group Nampak and will take over the role of Eskom CEO from Phakamani Hadebe who resigned earlier this year. Over a 30-year career, André de Ruyter has plied his trade both locally and internationally in various portfolios in the energy space. The South African government has appointed Nampak's Chief Executive Andre de Ruyter as the new group CEO of struggling state-owned power utility … Image: Moneyweb. Chris Logan of Opportune Investments, who has been jousting with the Nampak board of directors for years, posed some tough questions at yesterday's Annual General Meeting. But I reserve the right to comment later. He was born in 1969 in Pretoria, South Africa. if (text === "") “I would like to thank Mr. De Ruyter for not only accepting this position at a difficult time for Eskom, but, given Eskom’s current financial situation, also agreeing to a lower compensation package than the position currently pays,” the department said Monday in a statement. Andre took over as CEO of Nampak in 2014, and that time the share price on Nampak was sitting at 4 … }) – Bet get your will in order !! Profile }); The market had not anticipated him to be one of the slated candidates.“. The executive has been in this role for five years. Beyond that the politicos must stay out of the way. Andre de Ruyter, the new CEO of embattled state power utility Eskom, has experience trying to turn around struggling companies. }); textParagraph.addEventListener("mouseup", function (e) { South Africa appointed Andre de Ruyter … De Ruyter takes the helm at Eskom in what is the most critical period since its establishment in 1923. Active Directorships 0. He is also on the board of Nampak Holdings (UK) Ltd. and Nampak … In addition to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol Ltd. in a number of senior management roles. The loss-making utility has R450 billion of debt and is struggling to fix ageing power stations and correct defects in new ones. Saving the business is a key goal of the government, which is sustaining it with R138 billion of bailouts over the next three years alone. var x = (e.clientX + 5) + 'px', No Comment at this stage. He will assume his duties on January the 15th. Heat-related changes to the planet’s water cycle, including rainfall, snowfall, and snowmelt, are causing rivers to swell in some places and shrink in others. Andre de Ruyter, the CEO of packaging giant Nampak, has been appointed the new Chief Executive of Eskom. }); He is a brave man to accept this poisoned chalice. Closed Directorships 1. “Neutral in my books,” said Jones Gondo, a credit research analyst at Nedbank in Johannesburg. The executive has been in this role for five years. } He is currently CEO at JSE-listed packaging group Nampak.Public Enterprises Minister Pravin Gordhan announced in a statement on 18 November 2019 that Andre de Ruyter had been appointed as the … jQuery(document).ready(function () { return range.toString() if (oldTweetLink != null && typeof oldTweetLink != "undefined") { Moneyweb requires cookies to function properly. He has … The CEO will need to work in concert with the presidency and a swath of teams, ministries and consultants charged with rescuing Eskom, which isn’t selling enough power to cover its costs and posted a record R20.7 billion loss in the year through March. Read: Nampak’s Andre de Ruyter appointed as Eskom CEO De Ruyter, who holds various qualifications, including an LLB and MBA, has been CEO of paper and packaging group Nampak … Andre de Ruyter will leave his post as Nampak CEO to take up the role as Eskom's new CEO. NAMPAK CONSUMER GOODS LIMITED 12 July 2016 - 13 November 2018. You can get more information about how we use cookies in our De Ruyter has served as Nampak CEO since 2014. Labour unions, which represent the bulk of the utility’s 46 665 workers, oppose a breakup of the business and plant sales because they see them as a precursor to job losses. return range.text 1. Presently, André Marinus de Ruyter occupies the position of Chief Executive Officer & Director at Eskom Holdings SOC Ltd. Rising tide-man…. var textParagraph = document.getElementById("textParagraph"); else { He joined Nampak in January 2014 and the destruction of shareholder value happened during his tenure and resulted in a downhill performance. CAPE TOWN – Nampak’s chief executive Andre de Ruyter has been appointed as the new Group CEO of struggling state-owned power utility Eskom, the Ministry of … newTweetLink.target = "_blank"; 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. Nampak has already secured long-term contracts to supply customers with a mix of glass bottles and jars. De Ruyter joined Nampak from petrochemicals giant Sasol in April 2014. Nampak almost in rescue and Eskom bond yields at record highs. Andre de Ruyter was a surprise choice for Eskom CEO but public enterprises minister Pravin Gordhan said that after extensive interviews all ministers agreed on the appointment. De Ruyter has studied in South Africa, but completed his business honours in the Netherlands. Andre de Ruyter will take up the position of Eskom group chief executive from January 2020. y = (e.clientY + 5) + 'px'; https://www.businessinsider.co.za/who-is-sasol-ceo-andre-de-ruyter-2020-1 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. The South African government has appointed Nampak's Chief Executive Andre de Ruyter as the new group CEO of struggling state-owned power utility … function getSelectedText() { Director details. Andre de Ruyter, CEO of packaging group Nampak, has been appointed Eskom CEO, public enterprises minister Pravin Gordhan said on Monday. As of 2020, he is 51 years old. On behalf of NUMSA, in my capacity as the NUMSA General Secretary, I was invited by Talk 702 to make commentary on the recent appointment of Andre de Ruyter as the Group Chief Executive Officer (GCEO) of Eskom on the 18 th of November 2019. His role overlapped with finance minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018. The government had shortlisted three candidates for the position of CEO, including former LNG Canada CEO Andy Calitz and Jacob Maroga, who was Eskom CEO from 2007 to 2009. Now he as CEO is jumping ship and jumping into Eskom. Andre de Ruyter who’s the CEO there, has got other resistance against doing that – being a state owned enterprise – and he wasn’t in favour of radical transformation clearly within Nampak or, even if he was in favour, he wasn’t able to do it. “The market is going to have to know him better and understand what qualities he is going to bring to the table. The stand (or the lack of a stand) that Govt takes now re SAA will dictate how all other SOE restructuring goes. Before his appointment, he has spent over 20 years with the energy and chemical group in many senior management roles. De Ruyter will start his role at Eskom on January 15, 2020. newTweetLink.id = "tweetLink"; ... At present the future chief executive is the CEO at Nampak … Nampak is Africa's largest diversified packaging manufacturer, and has been listed on the JSE for fifty years. He is also on the board of Nampak Holdings (UK) Ltd. and Nampak …

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