South African Airways (SAA) has appointed Deon Fredericks as its new interim chief financial officer (CFO).<\/p>\n
Fredericks\u2019 appointment as interim CFO was announced by the national carrier on Thursday.<\/p>\n
His appointment is effective from 15 October and he is on secondment from Telkom for a 12-month period.<\/p>\n
\u201cWe welcome the appointment of Fredericks to ensure that SAA\u2019s strategic objective of transforming the business into a financially sustainable aviation group is achieved,\u201d said SAA board chairperson JB Magwaza.<\/p>\n
Fredericks is currently Telkom\u2019s chief investment officer, and was previously chief financial officer from September 2014 to July 2018.<\/p>\n
He is a Chartered Accountant, a CIMA-qualified chartered global management accountant with an honours degree in Accounting and Business Management. Fredericks has over 30 years\u2019 experience working in blue-chip organisations.<\/p>\n
Fredericks takes over from Robert Head whose contract as SAA Interim CFO ended on 30 September.<\/p>\n
\u201cWe would like to thank Bob for his contribution during a difficult time for the airline and wish him well in his future endeavours,\u201d said Magwaza.<\/p>\n
SAA will, in the ensuing 12-month period, initiate and finalise the recruitment process for the appointment of its permanent CFO.<\/p>\n