In South Africa, Sasol Limited has announced that it has appointed a new President and CEO subsequent to the announcement on June 8, 2015, that David Constable had decided not to extend his contract with Sasol beyond June 30, 2016.

According to the company’s board of directors, Bongani Nqwababa (photo) and Stephen Russell Cornell have been appointed as the new joint President and CEO. They are to assume these positions from July 1, 2016.

 “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 program while maintaining momentum for the sustainable repositioning of the company to respond decisively to the challenging energy landscape”, Mandla Gantsho, chairman of Sasol’s board of directors said.

Meanwhile, the company’s board also appointed Paul Victor to replace Nqwababa as Sasol’s CFO and executive director.

“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”, Gantsho told E&P News.