Dan Marokane Biography: Age, Wiki, Education, Career, Chief Executive of Eskom, Net Worth, Wife, Family And More

Onyedika March 28, 2024

Dan Marokane Biography

Dan Marokane is a renowned executive with over 20 years of senior leadership experience, primarily in the energy sector. He has recently been appointed as the new Group Chief Executive of Eskom, effective from 31 March 2024.

Marokane is a qualified Chemical Engineer with an MBA and has a track record of managing complex strategic, operational, and commercial turnarounds. He is known for his ethical stand against state capture, fraud, and corruption, which led to his previous suspension from Eskom along with three other senior executives.

His recent role was at Tongaat Hulett, where he led the financially distressed business after the CEO resigned. Marokane’s appointment to Eskom is seen as a crucial step in addressing the company’s operational and financial challenges and leading it towards a sustainable future.

Dan Marokane Age

Dan Marokane is 56 years old as of 2024.

Dan Marokane Early Life and Education

Dan Marokane wad born in 1968 in Soweto, South Africa. Marokane’s educational path started with a solid foundation in mechanical engineering, which he pursued at the prestigious University of the Witwatersrand.

Known colloquially as Wits, this university has a reputation for academic excellence and has produced many of South Africa’s most notable figures. At Wits, Marokane would have honed his technical skills and developed a keen understanding of engineering principles that would serve him well in his future career.

Seeking to further his expertise, Marokane crossed continents to attend Imperial College London, one of the world’s leading institutions for science and technology. There, he earned a master’s degree in eengineerin, an achievement that not only speaks to his intellectual capabilities but also to his ambition and drive to excel in his field.

Dan Marokane Career

After completing his education, Dan Marokane began his professional journey in the oil and gas industry, gaining valuable experience at multinational corporations like Shell and Total.

In 2005, Marokane joined Eskom, South Africa’s primary electricity supplier, where he made significant contributions to the company. His roles at Eskom were diverse and impactful, eventually leading him to serve as the Chairman of Eskom Enterprises Board, as well as the Eskom Roshcon and Rotek Industries Board.

Marokane’s ethical stance against state capture, fraud, and corruption at Eskom is particularly noteworthy. In a bold move that highlighted his integrity, he and three other senior executives were suspended for their stand against these unethical practices.

After his time at Eskom, Marokane took on the challenge of leading Tongaat Hulett, a company facing financial distress following the resignation of its CEO. His leadership during this turbulent period was crucial in steering the company towards stability and recovery. His appointment to the Tongaat Hulett Board on 18 November 2019 marked a significant milestone in his career, showcasing his ability to manage and turn around complex business situations.

The culmination of Marokane’s extensive experience came with his recent appointment as the new Group Chief Executive of Eskom, effective from 31 March 2024. This role marks his return to the company where he once took a stand for ethical practices. His appointment followed a meticulous recruitment process, reflecting the confidence of the Eskom Board in his capabilities to lead the company through its operational and financial challenges.

As the Group Chief Executive, Marokane is tasked with accelerating the implementation of the Generation Recovery Plan and creating transmission capacity, among other critical priorities. His leadership is expected to chart a path to a sustainable future for Eskom, aligning the company’s decisions with the evolution of the industry and the Just Energy Transition.

Dan Marokane Personal Life

Dan Marokane is married and has two children. He also enjoys golf and values spending quality time with his family and friends.

Dan Marokane Net Worth

Dan Marokane has an estimated net worth of $5.6 million as of 2024.