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 programme.
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.
Johannesburg
Statement issued by Sasol through the JSE SENS service, May 6 2011
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