Sasol an integrated energy and chemical company based in Johannesburg, South Africa has announced that Professor Jürgen Schrempp, who has served on its board for 18 years, will step down as director and lead independent director at its annual general meeting in December 4.

Schrempp, who was best known internationally for his role in the DaimlerChrysler merger in 1998 and also for his leadership role at Mercedes-Benz South Africa (MBSA), reached the retirement age of 70 during the 2014 calendar year, but Sasol extended his term to ensure continuity. In January 2014 he resigned from the MBSA board, having served the company in various roles since 1974.

Sasol chairperson Dr Mandla Gantsho thanked Schrempp for his contribution and told Engineering news that he had agreed to continue to support the board with leadership development and succession.

Gantsho however added that the board will announce the appointment of a lead independent director to succeed Professor Schrempp at the appropriate time.