"It is my belief that the reconfigured Executive Committee will contribute significantly to ensuring that the company plays a key role in making South Africa's New Growth Path a reality, and that Transnet plays its rightful role as the custodian of South Africa's rail, ports and pipeline infrastructure," group chief executive Brian Molefe said.
The announcement follows nearly two years of uncertainty due to the delay in the appointment of a new group chief executive and board.
Last month, Public Enterprises Minister Malusi Gigaba announced that Cabinet approved Molefe's appointment for a five-year period.
"Transnet has been without a permanent group chief executive for a considerable period of time, which is undesirable given its strategic importance to the South African economy," Gigaba said at the time.
Molefe took over following December's appointment of Transnet chairperson Mafika Mkwanazi being tasked with the group chief executive function. Mkwanazi took over from Chris Wells who resigned.
With effect from 21 March 2011, the Transnet executive structure will be:
"I expect each member of the team to finalise their key performance targets as soon as possible to allow every member of the 55 000-strong workforce to improve our operations by focusing on efficiency, productivity and safety. Above all, we have to prioritise customer service," said Molefe.
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