Sasol succession plan in place as CEO’s term set to end in 2024

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Sasol succession plan in place as CEO’s term set to end in 2024
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Sasol said it has a plan in place to find a successor for chief executive officer Fleetwood Grobler, whose term of running South Africa’s biggest publicly traded company by revenue will end next year. Moneyweb CompanyNews SasolSuccessor

Sasol said it has a plan in place to find a successor for chief executive officer Fleetwood Grobler, whose term of running South Africa’s biggest publicly traded company by revenue will end next year. The board’s nomination and governance committee started a “process to identify a suitable successor” to Grobler in 2022, chairman Sipho Nkosi said in an emailed response to questions. The company will announce the new CEO in the first half of 2024, he said. Read all our Sasol coverage here.

” Grobler, 61, started at Sasol in 1984 and has worked throughout its global operations. He took over as head of the company in October 2019 — months before the Covid-19 pandemic — when co-CEOs Bongani Nqwababa and Stephen Cornell agreed to step down after delays and cost overruns at its $13 billion chemicals project in Louisiana.

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