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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.

– Bloomberg

Caroline Henry

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