South African Airways appoints new Interim Chief Financial Officer
South African Airways (SAA) has announced the appointment of Mr. Deon Fredericks from Telkom as SAA’s new Interim Chief Financial Officer (CFO). The appointment is effective from 15 October 2018 and he is on secondment from Telkom for a 12-month period.
“We welcome the appointment of Mr. Fredericks to ensure that SAA’s strategic objective of transforming the business into a financially sustainable aviation group is achieved,” said Mr. JB Magwaza, Chairperson SAA Board of Directors.
Mr. Fredericks is currently Telkom’s Chief Investment Officer, and was previously Chief Financial Officer from September 2014 to July 2018. A Chartered Accountant, CA (SA), a CIMA-qualified Chartered Global Management Accountant with an honours degree in Accounting and Business Management, Mr. Fredericks has over 30 years’ experience working in blue-chip organizations.
Mr. Fredericks takes over from Mr. Robert (Bob) Head whose contract as SAA Interim CFO ended on 30 September. “We would like to thank Bob for his contribution during a difficult time for the airline and wish him well in his future endeavours,” said Mr. Magwaza.
SAA will, in the ensuing twelve-month period, initiate and finalize the recruitment process for the appointment of its permanent CFO.