MOSSEL BAY NEWS - A new chief executive officer has been appointed at PetroSA.
A media statement was released on 17 January regarding the appointment.
The statement reads: "The PetroSA board is pleased to announce the appointment of Pragasen Naidoo as a new group CEO with effect from the 17 January 2020, subject to transitional arrangement with Central Energy Fund. His appointment followed a rigorous recruitment process to appoint a permanent group CEO after the entity had a number of executives in an acting role since 2014.
"Prior to his appointment as the PetroSA Group CEO, Mr Naidoo, in addition to other roles, served as the group chief operations and business development officer at the Central Energy Fund (CEF), a holding company of PetroSA.
"He holds a BSc in Chemical Engineering and an MSc in Engineering, while his industry experience spans approximately 18 years in Human Capital Development and Management, Technology Development and Engineering, Capital Project Execution, Business Development and Operations. During this period, Mr Naidoo also gained exposure to the local and international environments.
"Commenting on his appointment, PetroSA chair, Mr Frans Baleni said: 'Mr Naidoo's demonstrable industry experience and acumen will continue to deliver value to the entity's shareholders and stakeholders through good governance, operational excellence, and sustainable growth.
"We are confident that he will contribute immensely towards addressing our business' sustainability challenges, as well as positioning PetroSA for the future.'"
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