Cheryl Carolus has been appointed chairwoman of the board of SA Airways (SAA), public enterprises minister Barbara Hogan said on Thursday. This followed the expiry of the term of office of the current board.
“Carolus will head up a highly skilled board, with experience in areas such as tourism, business and finance, law and procurement,” Hogan said in a statement.
“Other key skills include experience in human resources, as well as the airline and hospitality industries.”
The minister said nonexecutive directors appointed included Cyril Jantjies (a human resources professional), JSE CEO Russell Loubser, Skills Dynamics CEO Duduzile Miyeni, Shell SA chairman Bonang Mohale, high court advocate Lindi Nkosi-Thomas and Margie Whitehouse, a marketing professional.
Hogan thanked former chairman Jakes Gerwel and the outgoing board at SAA for a good set of results in the 2009/10 year, “and for their commitment in ensuring that the airline is turned around to become a profitable enterprise”.
Hogan said Gerwel had committed to ensuring a full handover of all current issues, including the finalisation of the KPMG investigation and the appointment of a new CEO.
In a separate statement, the outgoing SAA board said the past five years had posed many challenges for the airline industry, SAA and the board. “In spite of this there have been significant achievements and a steady repositioning of the airline, culminating in the solid financial performance we could report this year,” the board said.
“Notable among these achievements was the decision to focus on growing SAA into Africa.”
The outgoing board said SAA’s current vision of being an African airline with global reach was defined during its period of service and the that SAA’s operational and customer service initiatives had backed up this vision.
“SAA’s restructuring programme has also been a notable achievement. The programme, which we embarked upon in March 2007, was concluded this year with tangible results such as cost reduction, revenue growth and efficiency gains.”
The outgoing board said SAA was today operationally profitable due to the achievements forged under the restructuring programme, and a solid platform had been created on which to build in the future. — Sapa