The National, Wednesday March 12th, 2014
PNG Power Ltd chief executive officer John Tangit has been suspended pending investigations into allegations of impropriety against him.
The company’s board of directors suspended Tangit on Monday and will appoint a chartered accounting firm to investigate the allegations.
Acting board chairman Robert Bradshaw said in a statement the board would decide on the appropriate steps to take about Tangit’s role after the investigation.
The board appointed chief financial officer Brendan Raftery as acting chief executive officer and he will report to Bradshaw.
It has advised PNG Power staff to cooperate with the investigation.
“PPL’s business impacts significantly on the lives of PPL employees, people in the community and particularly our customers,” Bradshaw said.
“It is our responsibility to ensure that all of our customers get the best service possible and we have a lot of challenging issues.
“A lot of work needs to be done to improve the reliability of power supply and to win the confidence of the community at large.
“This can only be achieved when the board, management, staff and the union work together to achieve this.”
The board resolved that the chief financial officer, manager finance and manager information technology report directly to Bradshaw.
It said any payments exceeding K100,000 be approved by Bradshaw.