Mohammed will be taking over from Tau Morwe, whose contract won't be extended
The Transnet board of directors have decided not to extend Tau Morwe’s contract as acting group chief executive. His contract comes to an end on 3 May, after a six-month tenure.
In a statement released by Transnet, the board acknowledged Tau’s “good work in pursuit of the reorganisation and operational efficiencies at the company”. The board committed to continuing with the programme and plans Tau started.
In the meantime, Mohammed Mahomedy will be replacing Tau as acting group CEO.
He has been the acting CFO of Transnet for the past year.
The board said:
“The stability of the organisation remains a key focus of the board and this appointment was made with this in mind, giving consideration to Mahomedy’s experience at Transnet over a period of more than 12 years.”
Transnet is working towards filling critical vacancies that currently exist at executive level, including that of the GCE and GCFO, in the coming months.
