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24 January 2011

Hunt for SABC CEO














The SABC has begun the search for a new group CEO and its board is expected to meet soon to discuss a head-hunting strategy.

CEO Solly Mokoetle resigned on Wednesday after a protracted battle with the broadcaster's board following his suspension last year.

Advertisements for the post are expected to be placed soon.

Mokoetle, one of the briefest- serving SABC group CEOs, is said to have walked away with a golden handshake of millions, eight months into his job.

But neither he nor the corporation will reveal the terms of the settlement, citing a confidentiality clause.

Mokoetle was appointed by the SABC board in December 2009 but did not start work until January 4 last year.

He was suspended on full pay in September after claims by the board that he failed to devise a turnaround strategy for the finance-strapped broadcaster.

Minister of Communications Radhakrishna "Roy" Padayachie commended both the SABC board and Mokoetle for the "mature" way in which they handled the protracted dispute .

Padayachie said he hoped that Mokoetle's resignation would allow the board to start focusing on stabilising the SABC and creating an environment conducive to the implementation of a turnaround strategy.

"The importance of a stable public broadcaster, that functions optimally to meet its mandate, cannot be overemphasised," he said.

He said that in recent months the SABC had been bedevilled by reports of tension between board members and senior management, a total breakdown of corporate governance and financial instability leading to cash flow difficulties.

The rest at the Times Live site.

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