Sasol Limited,a South African multinational chemical company has confirmed that has chosen Simon Baloyi as its new President and Chief Executive Officer and executive director with effect from 1 April 2024.
Baloyi will succeed Fleetwood Grobler who is the current President and CEO of the company,and the company confirmed that Fleetwood will continue to serve in an executive advisor role until 31 December 2024,to ensure a smooth and structured handover.
According to Sasol,the Board embarked on a comprehensive recruitment programme to identify a successor to Fleetwood.Internal and external candidates were considered and the process sought to identify the best leader for the role to ensure the candidate would be best positioned to most effectively serve the Company's interests going forward.
Baloyi was selected from internal recruitment process as right now is serving as the Executive Vice President,Energy Operations and Technology at Sasol.
He armed with Master's degrees in Engineering Management and in Chemical Engineering,he joined Sasol Group in 2002 and served in various management positions.
The new appointee has welcomed his new responsibilities and is seems ready to drive the company to the new heights.
"I am looking forward to working with the Board,management,the Sasol family and all our stakeholders,"said Simon Baloyi.
The contribution of an outgoing CEO to the company has been acknowledged and applauded by the Board and the Board is confident about its decision for the new appointee.
"Through Fleetwood's resolute leadership,Sasol is on track to be more resilient,and live up to our purpose of innovating for a better world.In January 2024,Fleetwood will celebrate his 40th service anniversary with Sasol and we are extremely thankful for his dedication and commitment to Sasol over his illustrious career.In addition,the Board has full confidence in Simon's ability to lead Sasol.We believe that his strategic outlook,excellent leadership skills,technical and business acumen and deep experience of our operations will stand him in excellent stead to take over the helm,"said Stephen Westwell,Chairman of Sasol.
Earlier this week,Sasol has announced the resignation of Sipho Nkosi who was a Chairman and non-executive director and his resignation was motivated to avoid conflict of interest as he has another business interest.
Nkosi's resignation came as shock but Sasol acted swiftly to appoint Stephen Westwell as pro term Chairman of the Board of Sasol Limited with effect 11 November 2023.
The exit of Nkosi from the board of Eskom follows of Andreas Schierenbeck who stepped down as non-executive director of Sasol Limited at the end of October 2023.
Sasol is one of those South African companies which operates around across the African continent and in another continents,and it footprints exist in 22 countries globally.
Sasol is dual-listed the Johannesburg Stock Exchange(JSE) in South Africa and also listed on the New York Stock Exchange(NYSE) in the United States of America.