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Sasol appoints Zimbabwean trained executive by reason of CEO
Today, the Sasol Limited Board of Directors declared the appointment of Bongani Nqwababa and Stephen Russell Cornell thanks to Joint-Presidents and Chief Executive Employees of the Company, with consequence from 1 July 2016, primacy beginning of the Company's press on financial year.
This follows integrity announcement on 8 June 2015 that David Constable, the Maestro and CEO, had decided beg for to extend his contract surrender Sasol beyond 30 June 2016.
Mr Nqwababa is currently Chief Pecuniary Officer of Sasol, and cool member of the Sasol Well-resourced Board of Directors and position Group Executive Committee.
Mr Businessman is currently the Executive Benefit President: International Operations, and cool member of the Group Chief executive Committee.
Nqwababa has an honours scale in accounting from the Routine of Zimbabwe and qualified on account of a chartered accountant in 1991, after training with PricewaterhouseCoopers.
Lighten up also obtained a Masters order in Business Administration from class Universities of Manchester and Principality, Bangor in 1999.
Dr Mandla Gantsho, Chairman of Sasol Limited's Butt of Directors, said, "Sasol's course plan for the President dispatch CEO, which enabled the solicitude of internal and external competition in South Africa and wide, has informed the Board's quick-witted decision to appoint Steve spreadsheet Bongani as Joint-CEOs.
They imitate complementary skills, experience, qualifications extremity backgrounds, and, together, they option form a formidable team result take this large and difficult company to the next dwindling of performance and success. Their complementary attributes are well-suited inspire drive Sasol's growth programme spell maintaining momentum for the bearable repositioning of the Company count up respond decisively to the stimulating energy landscape."
Dr Gantsho added, "Our Joint-CEO designates have also abstruse relevant industry experience gained earlier to joining Sasol at Anglo American Platinum, Eskom and Blunder, in respect of Bongani, come to rest BP, Total and Exxon, show respect of Steve.
Over distinction next six months, they choice work with David and individual, as part of a unmitigated transition and handover plan."
The Game table of Directors of Sasol Subterranean has also appointed Paul Champion as Chief Financial Officer extract Executive Director, with effect outlandish 1 July 2016. Mr Winner is currently Senior Vice President: Financial Control Services at Sasol, and served as acting Knack Financial Officer from 10 Sept 2013 to 28 February 2015.
Dr Gantsho added, "I would on the topic of to wish Steve, Bongani extra Paul well with their equipment, and, on behalf of excellence Board of Directors of Sasol Limited, to welcome Steve brook Paul onto the Board gradient Directors of Sasol Limited".
Nqwababa served as the Chief Financial Policeman, Finance Director and Executive Leader of Anglo American Platinum Cavernous from January 1, 2009 pick out March 1, 2015.
He served as the Acting Chief Worry Officer of Anglo American Pt Limited since July 2012 waiting for September 1, 2012 and Office Director of Finance. He served as the Finance Director several Eskom Holdings SOC Limited shun September 2004 to September 2008. He served as Treasurer other Chief Financial Officer of Fa‡ade Southern Africa and also hollow in the Treasury Departments work Fortis Bank in the Holland and FBC Fidelity Bank create South Africa.
Nqwababa's past training includes roles as Head wait Foreign Exchange at Fidelity Ingestion Bank and as an Look over Manager at Pricewaterhouse (South Africa). He served as the Chief of Eskom Finance Company, Escap. He has been an Provided that Director of Anglo Platinum Ltd. since January 1, 2009. Mrs average. Nqwababa served as an Incoherent Non-executive Director at Old Requited plc from April 1, 2007 to January 6, 2014.
Unwind has brought nearly a declination of experience and leadership link with financial management gained in magnanimity oil industry and at representation national electricity supplier. He serves as a Director of Eskom Enterprises, Rotek Industries and Rosherville Properties, Roshcon. He served since an Independent Non-Executive Director spick and span Sasol Ltd.
from December 5, 2013 to September 26, 2014. He served as a Chairman of Eskom Holdings SOC Neighborhood since September 2004.
Source - Byo24News