Sector News

Sasol’s CEO and president to step down in May next year

June 8, 2015
(Reuters) – The president and chief executive officer of South African petrochemicals group Sasol will not extend his contract beyond May next year and will move into an advisory role, the company said on Monday.
David Constable was appointed in 2011 and led Sasol’s expansion plans in southern African and North America. Sasol did not provide reasons for Constable’s decision.
Sasol’s chairman Mandla Gantsho said in a statement the company’s board of directors would identify and appoint an accomplished leader to replace Constable.
The company’s shares had risen 0.22 percent at 08.25 GMT.
The world’s biggest maker of motor fuel from coal, said in March it could expand its $8.9 billion cracker project in the U.S. and sell up to 400 megawatts of power that it generates in-house to South Africa’s state-run power utility Eskom, which is struggling with power shortages.

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach