SAA’s finance chief leaves

Tryphosa Ramano, chief financial officer of South African Airways (SAA), is leaving the airline at the end of May.

Ramano was seconded to SAA two years ago from her post as chief director of asset management in the South African treasury department. One of her first jobs when she arrived at the airline was to work with Transnet, the government body that owns SAA, to resolve the airline’s technical insolvency due to discrepancies in its balance sheet. Ramano also co-ordinated the carrier’s profit-improvement programme as well as procurement, property management and acquisitions.

Ramano is the seventh executive to leave SAA within the past 18 months since Khaya Ngqula was plucked from the Industrial Development Corporation (IDC) to become chief executive.

The exodus has included Kryl Acton, chief operating officer; Nolwazi Qata, head of human resources; Vuyilsile Kona, head of subsidiaries; Dan Moeti, chief risk officer; Onkgopotse Tabane, customer service and communications manager; and Adrian Hamilton-Manns, head of network planning.

Local sources blame the departures on the management style of Khaya Ngqula, but SAA’s chief executive praises Ramano as a “talented individual” who has been “a key member” of his management team.

The airline says Ramano is leaving to “pursue other interests” – the same reason SAA has given for each of the other departures. No successor has been named but a search is underway.

David Knibb Seattle

Source: Airline Business