Sasol appoints joint-CEO’s new CFO

Sasol appoints joint-CEO’s and new CFO

12:11 PM, 14th December 2015
Sasol appoints joint-CEO’s and new CFO

JOHANNESBURG, SOUTH AFRICA: Sasol Limited said that it has appointed Bongani Nqwababa and Stephen Russell Cornell as joint-presidents and CEOs (Joint-CEOs) of the company, with effect from 1 July 2016, the beginning of the company’s next financial year.

This follows the announcement on 8 June 2015 that David Constable, the president and CEO, had decided not to extend his contract with Sasol beyond 30 June 2016.

Nqwababa is currently chief financial officer of Sasol, and a member of its board of directors and the group executive committee. Cornell is currently the executive VP of international operations and a member of the group executive committee.

Sasol has also appointed Paul Victor as chief financial officer and executive director, with effect from 1 July 2016.Victor is currently senior VP, financial control services at Sasol and served as acting chief financial officer from 10 September 2013 to 28 February 2015.

“Sasol’s succession plan for the president and CEO, which enabled the consideration of internal and external candidates in South Africa and globally, has informed the board’s well-considered decision to appoint Steve and Bongani as joint-CEOs. Their complementary attributes are well-suited to drive Sasol’s growth programme while maintaining momentum for the sustainable repositioning of the Company to respond decisively to the challenging energy landscape,” said Dr Mandla Gantsho, chairman, Sasol Ltd’s board of directors.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Lonza appoints new COO of specialty ingredients business

BASEL, SWITZERLAND: Lonza Group said that it has appointed Sven Abend as chief operating officer (COO) for specialty ingredients following the decisio ...

Read more
196 countries approved historic climate change accord to stop global warming

PARIS, FRANCE: Delegates from 196 nations approved a historic climate deal that aims to transform fossil fuel-driven economies within decades and redu ...

Read more
Ashland to acquire OCH; expands into Pacific Northwest markets

LEXINGTON, US: Ashland Inc said that it has agreed to acquire OCH International Inc Oil Can Henry’s), which operates and franchises a total ...

Read more
ExxonMobil names senior VP Woods as new president & board member

IRVING, US: ExxonMobil Corporation said that it has elected Darren Woods (50) as its new president and member of the board of directors, effective 1 J ...

Read more
Chemists characterize chemical state thought to be unobservable

CAMBRIDGE, US: For the first time, MIT chemists have measured the energy of the transition state of a chemical reaction — a fleeting, unstable s ...

Read more
Scientists develop diesel that emits far less CO2

LEUVEN, BELGIUM: Researchers from KU Leuven and Utrecht University have discovered a new approach to the production of fuels. Their new method can be ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X