Eskom says Caroline Henry has resigned as treasurer after a decade in the role.
Eskom, the nation’s biggest borrower after the government, has seen its debt costs rise after downgrades to junk by Standard & Poor’s in March last year and Moody’s in 2014 as it struggled to generate enough money to build new power plants.
The utility said in an emailed statement on Friday: “She has enabled Eskom to execute its funding strategy in very difficult and volatile economic conditions.”
Group chief financial officer Anoj Singh would assume the responsibilities of treasurer on February 1, it added.
Henry, who has been with the company for 22 years, was acting chief financial officer from July 2013, when Paul O’Flaherty resigned, until December of that year.