Zola Tsotsi today stepped down as a director and chairperson of the Eskom Board according to a press release sent out early this morning (31 March) by Eskom’s media desk.
His decision to step down was in the interest of the company and the country – it was done to allow the board to focus on the core issues facing Eskom, Tsotsi was quoted as saying in the release.
This step, the board believes, “will ensure Eskom can focus on challenges facing it and sets the company on a new path to regain the confidence of all stakeholders concerned in ensuring the important work of meeting the energy needs of the country,” the release said.
Tsotsi’s decision was taken after his presentation to the Board and a constructive discussion between the parties to chart a way forward for the power utility.
The release also said that speaking on behalf of the board, acting chairperson Dr Ben Ngubane, thanked Tsotsi for the selfless decision he has taken in placing the interests of the company and the nation first. Dr Ngubane also thanked Tsotsi for his valuable service to Eskom over the years and wished him well in his future endeavours.