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SAA CEO Resigns  
User currently offlineSA-JET From South Africa, joined May 2000, 297 posts, RR: 0
Posted (10 years 3 months 2 weeks 3 days 23 hours ago) and read 3705 times:

news24.co.za reports that SAA CEO Andre Viljoen has resigned, with immediate effect. Any thoughts? This follows just 2 years after the dramatic departure by then CEO Coleman Andrews.

10 replies: All unread, jump to last
 
User currently offlineCanuckpaxguy From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 3 months 2 weeks 3 days 16 hours ago) and read 3586 times:


I thought Mr. Viljoen was well regarded as a good CEO. I heard he was doing a pretty good job...The fleet renewal, the back to basics scheme, sales and profitability growing, etc....

Any news on what the problem is?

G


User currently offlineSA7700 From South Africa, joined Dec 2003, 3431 posts, RR: 26
Reply 2, posted (10 years 3 months 2 weeks 3 days 12 hours ago) and read 3523 times:
AIRLINERS.NET CREW
HEAD MODERATOR

There are no comments thus far, only speculation.

IMMHO it may be political. Government was not all too happy about the hedging losses SAA made. Then again, who would really have thought that the ZAR (South African Rand) would appreciate this much in the past year?

Rgds

SA7700



When you are doing stuff that nobody has done before, there is no manual – Kevin McCloud (Grand Designs)
User currently offlineJGPH1A From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 3 months 2 weeks 3 days 11 hours ago) and read 3500 times:

That's a shame - it seemed like he was doing a good job. Let's hope they put an airline man in to replace him, and not a government or Transnet stooge.

User currently offlinePlanenutz From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 3 months 2 weeks 3 days 11 hours ago) and read 3492 times:

It appears that the hedging issue is what prompted his departure.

From The Indepentant Online:

Viljoen resigns from helm of SAA
July 06 2004 at 12:33AM

South African Airways president and chief executive officer Andre Viljoen has resigned - although his contract had been due to end only in 2006.

Viljoen's resignation would be effective from August 31, the SAA board said on Monday.

Acting board chairperson Tshidi Mokgabudi said: "Mr Oyama Mabandla, currently Deputy CEO, has been appointed acting chief executive from September 1, 2004."

Mabandla was appointed last year after a restructuring of SAA's management. He was expected to take over from Viljoen when his contract ended.

Mokgabudi gave no reasons for the resignation of Viljoen, who replaced Coleman Andrews as CEO in 2001.

SAA spokesperson Onkgopotse JJ Tabane said that Viljoen had been contracted to the airline until 2006.

There was speculation Viljoen would have to step down early as CEO after the heavy losses SAA suffered in a R6-billion hedging loss.

The loss was revealed in SAA's 2002/2003 financial results and saw the government having to issue a R3,5-billion guarantee to lenders.

However, at the time it was SAA chief financial officer Richard Forson who was the fall guy, resigning suddenly in October 2003.

Democratic Alliance spokesperson for public works Ian Davidson said: "It will be a great loss to SAA. He was at the helm when SAA was turned around from a loss maker to - although still a loss maker because of the hedging offers - at least an operationally profitable airline." - Sapa

http://www.iol.co.za/index.php?set_id=1&click_id=594&art_id=qw1089066783516B253


User currently offlineSA7700 From South Africa, joined Dec 2003, 3431 posts, RR: 26
Reply 5, posted (10 years 3 months 2 weeks 3 days 11 hours ago) and read 3479 times:
AIRLINERS.NET CREW
HEAD MODERATOR

JGPH1A

Apparently the current deputy CEO, Mr Oyama Mabandla, has been appointed as acting CEO from 1 Sept 2004.

I don't know anything about this guy; what kind of experience he has, etc. Maybe some of the other A.netters can shed some light on the issue.

Rgds

SA7700



When you are doing stuff that nobody has done before, there is no manual – Kevin McCloud (Grand Designs)
User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 6, posted (10 years 3 months 2 weeks 3 days 11 hours ago) and read 3477 times:

Mabandla comes from a Swiss merchant bank background.

User currently offlineCX flyboy From Hong Kong, joined Dec 1999, 6615 posts, RR: 55
Reply 7, posted (10 years 3 months 2 weeks 3 days 7 hours ago) and read 3391 times:

So is the new CEO going to decide he prefers 737-800s to the recently ordered A320s?

User currently offlineJGPH1A From , joined Dec 1969, posts, RR:
Reply 8, posted (10 years 3 months 2 weeks 3 days 7 hours ago) and read 3385 times:

I doubt it - I think various offset deals were reached with Airbus for SA-based companies like Denel, so I think its pretty much a done deal.

User currently offlineAndz From South Africa, joined Feb 2004, 8455 posts, RR: 10
Reply 9, posted (10 years 3 months 2 weeks 2 days 21 hours ago) and read 3287 times:
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This stinks of political interference.


After Monday and Tuesday even the calendar says WTF...
User currently offlineSpringbokUSA From United States of America, joined Jul 2004, 29 posts, RR: 0
Reply 10, posted (10 years 3 months 2 weeks 2 days 15 hours ago) and read 3213 times:

It sure does! Mr. Viljoen's departure from SAA spells even more trouble for Africa's warmest welcome.......

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