PetroSA appoints Pragasen Naidoo as new group CEO


Naidoo's appointment comes after the company has been without a permanent CEO since 2014.

The Petroleum Oil and Gas Corporation of South Africa (PetroSA) has announced the appointment of Pragasen Naidoo as its new group CEO as of 17 January 2020, subject to transitional arrangement with the Central Energy Fund (CEF), one of PetroSA’s holding companies. 

His appointment comes after the entity has had a number of executives on an acting role since 2014. 

Prior to this appointment, Naidoo served as the group chief operations and business development officer at the CEF. 

His industry experience spans more than 18 years in human capital development and management, technology development and engineering, capital project execution, business development, and operations. 

He holds a B.Sc in chemical engineering and an M.Sc in engineer.

About Naidoo’s appointment, PetroSA chairperson Frans Baleni said: 

“Naidoo’s demonstrable industry experience and acumen will continue to deliver value to the entity’s shareholders and stakeholders through good governance, operational excellence, and sustainable growth. We are confident that he will contribute immensely towards addressing our business’s sustainability challenges, as well as positioning PetroSA for the future.”

CEF group chairperson Monde Mnyande said that they “fully support the permanent appointment” and that it could not have come at a better time. 

Related articles

Three CFOs’ guide to managing boardroom expectations

Productivity SA CFO Okuhle Sidumane, Sappi Southern Africa CFO Pramy Moodley and BMI Coverland FD Tammy Narain explain how effective expectation management helps them ensure every engagement with their board is a success.