City Power appoints new CEO
Board chairperson advocate Lindiwe Maseko said Ntsokolo’s arrival will bring stability to City Power.
The MMC for environment and infrastructure services in the City of Johannesburg, councillor Mpho Moerane, announced the appointment of City Power’s new CEO, Mongezi Ntsokolo, with effect from April 1.
Ntsokolo has almost 30 years of experience in the electricity industry, having served in different managerial roles at Eskom, including as group executive for generation, transmission, distribution and HR.
“We are excited about the appointment of Mr Ntsokolo to City Power. We hope that with your expertise you will help turn around this entity and ensure our company reaches new achievements under your strong leadership. On behalf of the mayor and the board, we wish you well in your new responsibilities,” said Moerane.
He also thanked Nancy Maluleke for holding the fort under difficult times after the departure of the former CEO.
Ntsokolo joined Eskom in 1991 as a senior engineer in distribution, later became an executive manager and group executive in 2003 until he left in 2018. He also served as chairperson for the Southern African Power Pool management for two years and has been part of several international electricity utilities. He served as chairperson of Eskom Rotek Industries, and board member of Eskom Enterprises.
While there are some challenges that Ntsokolo will inherit, City Power has been doing well on several fronts, including unqualified audit finding and realising a profit for the year ending June 30 last year, owing to the support initiatives introduced.
City Power has also identified liquidity improvement as a key enabler to improved business sustainability, and as a result, we have reprioritised the execution of activities within the business towards this key outcome.
Immediate tasks expected for Ntsokolo is to turn City Power around, include dealing with the overdraft and revenue collection, issues relating to supply chain management, network stability, infrastructure vandalism and cable theft, outage response times and material availability.
Board chairperson advocate Lindiwe Maseko said Ntsokolo’s arrival will bring stability to City Power.
“We have many long-term plans ahead to turn around the entity, and for that to come to fruition, we need stable leadership to help steer the ship in the right direction. We pledge the board’s support to the new CEO and his team in executing some of the priorities as identified by the shareholder,” said Maseko.
