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Sasol Limited - Sasol To Appoint Joint-chief Executive Officers With Effect From 1 July 2016

Release Date: 11/12/2015 15:09:00      Code(s): SOL SOLBE1     
Sasol Limited
(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 to appoint joint-chief executive officers with effect from
1 July 2016


Today, the Sasol Limited Board of Directors announced the
appointment of Bongani Nqwababa and Stephen Russell Cornell as
Joint-Presidents and Chief Executive Officers (?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.

Mr Nqwababa is currently Chief Financial Officer of Sasol, and a
member of the Sasol Limited Board of Directors and the Group
Executive Committee. Mr Cornell is currently the Executive Vice
President: International Operations, and a member of the Group
Executive Committee.

Dr Mandla Gantsho, Chairman of Sasol Limited?s Board of
Directors, said, ?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. They have complementary skills, experience, qualifications
and backgrounds, and, together, they will form a formidable team
to take this large and complex company to the next level of
performance and success. 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.?

Dr Gantsho added, ?Our Joint-CEO designates have also had
relevant industry experience gained prior to joining Sasol at
Anglo American Platinum, Eskom and Shell, in respect of Bongani,
and BP, Total and Exxon, in respect of Steve. Over the next six
months, they will work with David and myself, as part of a
thorough transition and handover plan.?

The Board of Directors of Sasol Limited has also appointed Paul
Victor as Chief Financial Officer and Executive Director, with
effect from 1 July 2016. Mr Victor is currently Senior Vice
President: Financial Control Services at Sasol, and served as
acting Chief Financial Officer from 10 September 2013 to
28 February 2015.

Dr Gantsho added, ?I would like to wish Steve, Bongani and Paul
well with their appointments, and, on behalf of the Board of
Directors of Sasol Limited, to welcome Steve and Paul onto the
Board of Directors of Sasol Limited?.


11 December 2015
Johannesburg


Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 11/12/2015 03:09:00 Supplied by www.sharenet.co.za                     
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