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Sasol Names New Joint CEOs, Presidents
Bongani Nqwababa and Stephen Russell Cornell have been appointed as Sasol Ltd.’s joint presidents and CEO’s, effective July 1, , the company's board of directors said in a news release.
This follows the announcement on June 8, , that David Constable, president and CEO, had decided not to extend his contract with Sasol beyond June 30,
Nqwababa is currently Sasol’s CFO and a member of the company’s board of directors and the group executive committee. Cornell is currently the executive vice president of international operations and a member of the group executive committee, the release said..
“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,” said Mandla Gantsho, chairman of Sasol’s board of directors. “Their complementary attributes are well-suited to drive Sasol’s growth program while maintaining momentum for the sustainable repositioning of the ompany to respond decisively to the challenging energy landscape.”
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 r
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Bongani Nqwababa
Independent non-executive director
Qualifications:
Committee memberships:
- Investment committee (chairperson)
- Audit and risk committee
- Remuneration committee
Bongani was appointed to the board on 18 May He was Joint CEO of Sasol Limited. Prior to that, he was CFO and executive director at Sasol, Anglo American Platinum, Eskom and Shell Southern Africa.
He has over 30 years’ experience in the mining, petrochemicals, and energy sectors globally and in South Africa.
Bongani is currently an independent non-executive director of the Development Bank of Southern Africa (DBSA), Discovery Bank Limited and African Rainbow Minerals Limited. He is Chairman of Babcock Ntuthuko Engineering and Babcock Plant Services in South Africa. He previously served on the board of Old Mutual plc as an independent non-executive director and chaired the SARS Audit Committee.