SOL/SOLBE1 - Sasol Limited - Sasol announces appointment of Chief Executive Release Date: 06/05/2011 11:00:02 Code(s): SOL SOLBE1
SOL/SOLBE1 - Sasol Limited - Sasol announces appointment of Chief Executive
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE : SOL NYSE : SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE : SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
("Sasol" or "the Company")
Sasol announces appointment of Chief Executive designate
The Chairman of Sasol, Hixonia Nyasulu, today announced the appointment of
David Constable as Chief Executive designate, effective 6 June 2011.
Constable is currently Group President, Operations at Fluor Corporation.
Constable grew up in Canada but has lived and worked all over the world. He
is an engineer with 30 years of experience in the heavy industrial
engineering, construction, operations and maintenance arena across the globe.
He has proven technical, operational and commercial skills as well as a sound
track record in diversity and talent management. He has had global exposure
to a range of industrial sectors including mining, power, gas, oil and
chemicals. His successful track record in capital project development and
execution positions him well to guide Sasol`s significant capital expenditure
In June 2010, the board of Sasol, under the direction of the Chairman,
embarked on a comprehensive recruitment programme for a successor to Pat
Davies. Internal and external candidates were considered with the search
extending both locally and internationally. The recruitment process sought to
identify the best leader for the role, within the criteria applied by the
Sasol Board, to ensure the candidate would be best positioned to most
effectively serve the Company`s interests at this juncture.
"We are excited to have found a chief executive of Davids`s calibre and
experience. His extensive engineering foundation has seen him take critical
leadership roles across the world in both developed and developing
economies", said Sasol Chairman, Hixonia Nyasulu.
Pat Davies said today, "I have thoroughly enjoyed my time at Sasol and I`m
particularly pleased with the strong and diverse management team we have in
place. The company`s solid performance base and depth of talent has it well
positioned for growth both at home and abroad, and I am confident that under
David`s leadership, great strides will be made in delivering on Sasol`s
exciting growth strategy."
Davies has reached retirement age and will step down on 30 June 2011 with
Constable taking up the role of Chief Executive on 1 July 2011.
6 May 2011
Deutsche Securities (SA) (Pty) Limited
Biographical information - David E. Constable
David E. Constable serves as Fluor Corporation`s group president of
Operations, where he is responsible for the multi-functional entity that
serves Fluor`s core business groups and includes information technology,
project executive services, engineering, global procurement, construction,
industrial relations, project management and risk management. Constable also
chairs the company`s Sustainability Committee.
Prior to his current position, Constable served as president of Fluor`s Power
business heading up the company`s activities in the global coal, gas, nuclear
and renewable power generation industries. This business is also responsible
for emission control betterment, including CO2 capture and sequestration
He also had management oversight responsibility for Fluor`s Corporate Sales
Board, which manages the company`s global sales force across all five of its
industry business groups.
Constable has served as senior vice president for Fluor`s Energy & Chemicals
business group, working closely with clients to develop capital projects in
the oil, gas, and chemicals production industries.
During his tenure with Fluor, Constable has led two other Fluor businesses
and had management roles in both Operations and Sales in Canada, the United
States, South America and Europe. He served as president of Fluor`s
Operations & Maintenance business, supporting client`s across a wide variety
of industries with a focus on operational asset productivity improvement.
Prior to this, Constable was president of Fluor`s Telecommunications
business. He also held the positions of vice president of Fluor`s Europe,
Africa & Middle East region; executive director for the hydrocarbon industry
in North America and the mining industry in South America.
Active in a variety of professional and civic organizations, Constable is a
member of the Institute of Petroleum, the United States Energy Association
and sits on the boards of the U.S.-China Business Council and The Boy Scouts
of America Circle 10 Council. He is a member of the company`s Executive
Development Board, its Compliance & Ethics Committee and sits on the Board of
Trustees of the Fluor Foundation. Constable is also a board member of ICA
Fluor, the company`s joint venture operation in Mexico.
Constable graduated from the University of Alberta with a degree in civil
engineering and is a registered professional engineer. He is a graduate of
Thunderbird University`s International Management Program and Wharton
Business School`s Advanced Management Program.
Date: 06/05/2011 11:00:01 Supplied by www.sharenet.co.za
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