Deon Fredericks will be acting as the interim CFO at SAA for 12 months.
South African Airways (SAA) announced in a press release yesterday, that Deon Fredericks has been appointed as their new interim chief financial officer with effect from 15 October.
He will be taking over from Robert Head, the previous interim CFO at SAA, whose contract ended on 30 September.
JB Magwaza, chairperson of the SAA board of directors, said:
“We would like to thank Bob for his contribution during a difficult time for the airline and wish him well in his future endeavours.”
Deon is currently Telkom’s chief investment officer and is on secondment from Telkom for a 12 month period.
JB Magwaza welcomed Deon by saying:
“We welcome the appointment of Mr Fredericks to ensure that SAA’s strategic objective of transforming the business into a financially sustainable aviation group is achieved.”
Prior to his appointment as Telkom’s CIO, Deon served as its chief financial officer, giving him the experience to fulfil the expectations attached to his new role at SAA. He has over 30 years’ experience working in blue-chip organisations.
Deon is a qualified chartered accountant (SA) and a CIMA-qualified chartered global management accountant. He has an honours degree in Accounting and Business Management.
In the twelve-month period following Deon’s appointment, SAA will complete the recruitment process for the appointment of a permanent CFO.
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