The appointment of Letsoalo, a well-respected and experienced logistics manager, will come as good news for the business sector, which had privately lamented the demise of the COO role. Former CEO Portia Derby scrapped the role across Transnet in March 2020.
Letsoalo will oversee the work of the chief executives of all Transnet's operating divisions and the group functions of safety, security, and digital transformation.
Lekau Letsoalo (Supplied/CargoCarriers) SuppliedHe is a former COO of Transnet Port Terminals (TPT) and has spent 14 years in the private sector, first as managing director at Aveng Manufacturing and, more recently, as chief executive officer of Cargo Carriers.
While at TPT, he achieved significant milestones such as expanding the Pier 2 Container Terminal, constructing the Pier 1 terminal, building the Ngqura Container Terminal, and modernising the Cape Town Container Terminal. He has global exposure in the US, UK, European, Hong Kong and Japanese markets.
'It is great to welcome Mr Letsoalo back to Transnet and to be able to draw on his global knowledge of the logistics industry at such an important time in our organisations history,' Transnet CEO Michelle Phillips said.
