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 … }); Hi… NAMPAK CONSUMER GOODS LIMITED 12 July 2016 - 13 November 2018. The executive has been in this role for five years. jQuery(appendedTweetLink).css({ De Ruyter takes the helm at Eskom in what is the most critical period since its establishment in 1923. The loss-making utility has R450 billion of debt and is struggling to fix ageing power stations and correct defects in new ones. https://onafhanklik.com/2020/01/22/2020-eskom-andre-de-ruyter-interview } Over a 30-year career, André de Ruyter has plied his trade both locally and internationally in various portfolios in the energy space. if (textParagraph) { 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. South Africa appointed Andre de Ruyter … 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. De Ruyter has served as Nampak CEO since 2014. A good start : Not another BEE Deployee !!! 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. Andre de Ruyter will leave his post as Nampak CEO to take up the role as Eskom's new CEO. https://www.businessinsider.co.za/who-is-sasol-ceo-andre-de-ruyter-2020-1 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. jQuery(document).ready(function () { 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. How to fund your business in South Africa, Managing your portfolio post market collapse, Verbod op drankverkope knak Nampak se winssyfers, Estate planning: Ensuring that your minor children receive their inheritance, Direct offshore investing: Here’s what it entails, South Africa 'no way near debt distress' - Sarb governor, Nedbank and Xero encourage small businesses to embrace a new way to connect. Goei geluk – goodluck and Godspeed to Mr De Ruyter. He will assume his duties on January the 15th. 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. Image: Moneyweb. No Comment at this stage. I’ll reserve my as well. }); He is a brave man to accept this poisoned chalice. } MR ANDRE DE RUYTER Nampak has already secured long-term contracts to supply customers with a mix of glass bottles and jars. The world is changing fast and to keep up you need local knowledge with global context. scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top The executive has been in this role for five years. 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 … var oldTweetLink = document.getElementById("tweetLink"); 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. 1. }); His role overlapped with finance minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018. He has … I mean he basically destroyed Nampak? Andy Calitz would have fitted your requirements like a glove – wonder why he didn’t get it in the end…. Andre took over as CEO of Nampak in 2014, and that time the share price on Nampak was sitting at 4 … y = (e.clientY + 5) + 'px'; Mr. André M. de Ruyter is a Chief Executive Officer & Executive Director at Nampak Ltd. 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 … My commentary was rudely disrupted by the arrogance of … jQuery('img[class*="wp-image-"]').bind('click', function () { Active Directorships 0. Image: Moneyweb . Join our mailing list to receive top business news every weekday morning. “Neutral in my books,” said Jones Gondo, a credit research analyst at Nedbank in Johannesburg. if (text === "") Beyond that the politicos must stay out of the way. return range.text } Rare find. Andre de Ruyter, the CEO of packaging giant Nampak, has been appointed the new Chief Executive of Eskom. } De Ruyter, who is currently the CEO of Nampak Ltd. De Ruyter’s appointment came as a surprise. 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. The EFF has since proclaimed in the media that this appointment is racist. Will I be declared insolvent if my late partner’s estate is declared insolvent? Opvoeding. Closed Directorships 1. Hope he has his cyanide pill ready for the suicide mission !!! He was born in 1969 in Pretoria, South Africa. By continuing to use our website, we assume you are okay with it. Director details. 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. ... 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. De Ruyter joined Nampak from petrochemicals giant Sasol in April 2014. newTweetLink.innerHTML = ' Tweet'; 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 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. The rand pared a decline after the announcement, while Eskom’s dollar bonds were little changed. 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. Andre de Ruyter, who is currently the CEO of packaging group Nampak, will take over from Phakamani Hadebe. Andre de Ruyter will leave his post as Nampak CEO to take up the role as Eskom's new CEO. Smuts will take over on January 15. Pravin Gordhan, Public Enterprises Minister on Monday announced that Andre de Ruyter had been appointed as the new CEO of Eskom. return newTweetLink; University of Pretoria:Bachelor’s Degree 3. “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. 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. 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 … 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. André de Ruyter the CEO of Nampak talks about the cost of complexity in manufacturing else { Unless the ANC stop with their political interference and kick the unions in their teeth, Andre de Ruyter have absolutely ZERO chance of success. However, … De Ruyter will start his role at Eskom on January 15, 2020. Profile Presently, André Marinus de Ruyter occupies the position of Chief Executive Officer & Director at Eskom Holdings SOC Ltd. Presently, André Marinus de Ruyter occupies the position of Chief Executive Officer & Director at Eskom Holdings SOC Ltd. 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. Ifcyouvtake on a job at which you can never succeed, who can blame you for failing? var textParagraph = document.getElementById("textParagraph"); Weird appointment : the Company probably needs a legal financial engineering expert. var range = window.getSelection(); 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. Andre de Ruyter, the CEO of Nampak Limited, was appointed as the CEO of Eskom. Andre de Ruyter, CEO of packaging group Nampak, has been appointed CEO of Eskom. Now he as CEO is jumping ship and jumping into Eskom. 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. He has more than 20 years of experience at petrochemicals group Sasol … 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. Sasol stint was during an energy bull market. Moneyweb requires cookies to function properly. Nampak has already secured long-term contracts to supply customers with a mix of glass bottles and jars. André het vir meer as 20 jaar by SASOL gewerk, en was van 2014 … imageBtnPrev: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", var appendedTweetLink = document.getElementById("article-body-content").appendChild(newTweetLink); Since he joined Nampak the share price lost 75% of its value…from R40 to under R8. 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 is currently CEO at Nampak, the largest packaging company in Africa. Over a 30-year career, André de Ruyter has plied his trade both locally and internationally in various portfolios in the energy space. As of 2020, he is 51 years old. He’s overseen work in the US, Germany, China and African nations including Nigeria and Angola, the department said. }, 500); He joined Nampak in January 2014 and the destruction of shareholder value happened during his tenure and resulted in a downhill performance. The South African government has appointed Nampak's Chief Executive Andre de Ruyter as the new group CEO of struggling state-owned power utility … He has three university degrees to his name, including an MBA. oldTweetLink.parentNode.removeChild(oldTweetLink); 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. His first job (under a unassailable mandate) must be to pick his own team. Career. 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. 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. if (oldTweetLink != null && typeof oldTweetLink != "undefined") { Read: Nampak’s Andre de Ruyter appointed as Eskom CEO Read: Unions lukewarm on Eskom’s new CEO It was also met with general surprise, as the outgoing Nampak … Andre de Ruyter, the new CEO of embattled state power utility Eskom, has experience trying to turn around struggling companies. Andre De Ruyter worked in NAMPAK CONSUMER GOODS LIMITED as a Company director. } You can get more information about how we use cookies in our textParagraph.addEventListener("mouseup", function (e) { 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. Meida speculation about who the third person was didn’t include De Ruyter. Nampak CEO Andre de Ruyter replaces former CEO Phakamani Hadebe, who stepped down in July. He is also on the board of Nampak Holdings (UK) Ltd. and Nampak … Terms of use. Are we sure this is the best guy to be in charge of Eskom, and in effect the country’s energy supply? His role overlapped with finance minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018. jQuery(this.parentElement).lightBox({ De Ruyter has served as Nampak CEO since 2014. – Bet get your will in order !! if (document.selection.createRange) { 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. Smuts will take over on January 15. NUMSA statement on the appointment of Andre de Ruyter as Eskom GCEO. In 2014, De Ruyter left Sasol to join Nampak, which was starting to show some serious cracks. But I reserve the right to comment later. Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg. Andre De Ruyter is the new chief executive officer of Eskom. Despite the country's debt-to-GDP ratio nearing the 100% mark seen as a red line for investors and credit rating agencies. Rising tide-man…. He will assume his duties on January the 15th. According to thenation.co.za, he occupies the position of CEO at JSE-listed packagi… SAA tries to replace locked-out pilots with outsiders, Court rules an employee attacked at work can sue her employer, Municipalities want another slice of the pie, this time from IPPs, Molefe and the R78m ‘success fee’ paid to Regiments, Mboweni: State Bank must operate on business principles. Andre de Ruyter is currently CEO at Nampak, the largest packaging company in Africa. function createTweetLink(text, e) { } He served as the Managing Director at Sasol Olefins and Surfactants Pty Ltd. Don’t know this guy but the market is voting and sees no colour. Andre de Ruyter will take up the position of Eskom group chief executive from January 2020. The market had not anticipated him to be one of the slated candidates.“. (Bloomberg) -- South Africa appointed Andre de Ruyter as chief executive officer of Eskom Holdings SOC Ltd., the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy. “The market is going to have to know him better and understand what qualities he is going to bring to the table. 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. Prior to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol in a number of senior management roles. The South African government has appointed Nampak's Chief Executive Andre de Ruyter as the new group CEO of struggling state-owned power … 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"; André de Ruyter Age. 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. Give the man a full glass. }) Andre de Ruyter, the CEO of packaging giant Nampak, has been appointed the new Chief Executive of Eskom. Prior to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol in a number of senior management roles. var x = (e.clientX + 5) + 'px', De Ruyter has studied in South Africa, but completed his business honours in the Netherlands. “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 … André de Ruyter (born in Pretoria) is the Chief Executive Officer and Director at Eskom Holdings SOC Ltd. jQuery('html, body').animate({ He has an LLB … 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. He holds various qualifications, including an LLB and MBA and has experience in creating and managing high-performing businesses. 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. After starting with a salary cut, I hope he implements the same salary cut across the board and all staff. Andre Marinus De Ruyter is Chief Executive Officer at Eskom Holdings Ltd. See Andre Marinus De Ruyter's compensation, career history, education, & memberships. 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. He is also on the board of Nampak Holdings (UK) Ltd. and Nampak … They are absolutely correct in the fact that he is being paid far less than his unsuccessful predecessors is absolutely racist!!! 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. newTweetLink.id = "tweetLink"; return range.toString() 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 … “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. imageBtnNext: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/bg_direction_nav.png", 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. Nampak almost in rescue and Eskom bond yields at record highs. Not so subtle admission, finally by ANC that its ‘deployed, disciplined cadres’ are everything but useful in these posts. }); He headed a struggling Nampak . 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 … Mr. André M. de Ruyter is a Chief Executive Officer & Executive Director at Nampak Ltd. 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 Eskom CEO, public enterprises minister Pravin Gordhan said on Monday. tweetLink = createTweetLink(getSelectedText(), e); 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. This appointment comes four months after Phakamani Hadebe resigned from the position in July. You are currently viewing our desktop site, do you want to download our. Before his appointment, he has spent over 20 years with the energy and chemical group in many senior management roles. ... At present the future chief executive is the CEO at Nampak … He is expected to take over office on 15th January 2019. Don’t forget to take a for sale sign with on your first day. University of South Africa: Bachelor’s Degree 2. 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. imageLoading: "https://www.moneyweb.co.za/wp-content/themes/moneyweb-domination/images/spinner_moneyweb.gif", Total Directorships 1. De Ruyter is currently the CEO at Nampak, the continent’s largest packaging firm. 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. 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. https://mg.co.za/article/2019-11-19-ground-zero-with-eskoms-de-ruyter function getSelectedText() { newTweetLink.target = "_blank"; var newTweetLink = document.createElement("a"); As of 2020, he is 51 years old. The South African government has appointed Nampak's Chief Executive Andre de Ruyter as the new group CEO of struggling state-owned power utility … 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. © 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy, © 2021 BizNews, Inc. | The Rational Perspective. var range = document.selection.createRange(); event.preventDefault(); 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. Andre De Ruyter timeline. De Ruyter, currently CEO of packaging firm Nampak, will take up the post on January 15, the Department of Public Enterprises said in a statement. I will sit on my hands. "top": y, 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. }, false); 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. 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, 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. The stand (or the lack of a stand) that Govt takes now re SAA will dictate how all other SOE restructuring goes. if (window.getSelection) { Andre de Ruyter will take up the position of Eskom group chief executive from January 2020. return undefined; 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. "left": x Quite a wildcard here.. let’s see how it goes. Resigned Directorships 0. © 2019 Bloomberg L.P. } What took so long to hire right skilled people? Fullerton, a former chief executive of MB Technologies, was appointed Nampak’s chief financial officer in 2015. He has more than 20 years of experience at petrochemicals group Sasol in a number of senior management roles, the ministry said in… jQuery(document).on('click', 'a[href*="#to-comments"]', function (event) { But former colleagues and analysts have defended his track … 20 November 2019.

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