Embattled sugar producer Tongaat Hulett has announced that its CFO Rob Aitken will take over as interim CEO from March 1.
This follows CEO Dan Marokane being appointed as CEO of State-owned power utility Eskom. Marokane will, however, work with the Tongaat team and business rescue practitioners until the end of February to ensure a smooth handover.
Since his appointment in 2018, Marokane has been an integral member of the board and helped guide the company throughout its business rescue process.
Aitken also joined Tongaat in 2018 to improve its processes and has been a core member of the executive team.
He has held various senior executive roles over the past 15 years and has developed a deep understanding of the sugar industry, Tongaat says.