South Africa: CEF fills vacant CEO posts
Issue 415 - 15 May 2020
The Central Energy Fund (CEF) has filled all the vacant chief executive positions at its group companies, including the CEF itself, the Strategic Fuel Fund (SFF), the Petroleum Agency of South Africa and PetroSA, which have not had permanent CEOs since 2014. The group said it had “experienced a turbulent period in fulfilling its mandate”. A number of strategic initiatives had been delayed, resulting in the group losing market share and suffering revenue decline.
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