Transnet, South Africa's state-owned freight and logistics company, has announced the appointment of Michelle Phillips as its new Group CEO and Nosipho Maphumulo as Chief Financial Officer (CFO). Public Enterprises Minister Pravin Gordhan highlighted these appointments as pivotal for the company's recovery plan, emphasizing the government's commitment to strengthening Transnet's executive leadership.
Phillips, who has been serving as acting CEO, is credited with enhancing the performance of the nation's ports and rail infrastructure. Her tenure at Transnet spans over two decades, showcasing a consistent ability to collaborate and drive business objectives. Notably, her leadership as CEO of Transnet Pipelines marked a significant turnaround, addressing issues of governance, theft, and performance.
Maphumulo brings a wealth of experience in financial management within complex commercial settings, recognized for her strategic and operational expertise. The ministry's statement lauds her as a transformative leader adept at navigating challenging environments.
The appointments are seen as crucial for Transnet's strategic direction, particularly in implementing reforms and facilitating private sector participation in rail operations, thereby playing a significant role in catalyzing South Africa's economy.
Source: sowetanlive.co.za