Sasol Limited has announced a significant leadership transition. The Board of Sasol Limited is pleased to declare the appointment of Mr. Simon Baloyi as the President and Chief Executive Officer, effective from April 1, 2024. This transition marks a new chapter for the company, with Mr. Fleetwood Grobler, the current President and CEO, set to step down.
To ensure a seamless handover, Mr. Fleetwood Grobler will continue to serve in an executive advisor role until December 31, 2024. This strategic move aims to provide stability and guidance during the transition period. Mr. Stephen Westwell, Chairman of Sasol, expressed gratitude for Grobler’s steadfast leadership, highlighting his crucial role in steering Sasol towards resilience and innovation.
The Board undertook an extensive recruitment process to identify the right candidate to succeed Mr. Grobler. Both internal and external candidates were considered, emphasizing the importance of selecting a leader who aligns with Sasol’s strategic vision and can effectively serve the company’s interests.
The chosen successor, Mr. Simon Baloyi, currently serves as the Executive Vice President, Energy Operations and Technology at Sasol. With a wealth of experience within the Sasol Group since joining in 2002, Baloyi brings proven technical and operational skills to his new role. Holding Master’s degrees in Engineering Management and Chemical Engineering, Baloyi’s background positions him well to lead Sasol into its next phase of growth.
In response to his appointment, Mr. Baloyi stated, “I am looking forward to working with the Board, management, the Sasol family, and all our stakeholders.” His appointment reflects the Board’s confidence in his strategic outlook, leadership skills, technical expertise, and deep understanding of the company’s operations.
As Fleetwood Grobler approaches his 40th service anniversary with Sasol in January 2024, the Board acknowledges and appreciates his dedication and commitment to the company throughout his illustrious career. Under Grobler’s leadership, Sasol has made strides toward resilience and a commitment to innovating for a better world.
Mr. Stephen Westwell, Chairman of Sasol, expressed the Board’s full confidence in Mr. Baloyi’s ability to lead the company. Westwell stated, “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.”
The appointment of Mr. Simon Baloyi as President and CEO represents a strategic move for Sasol Limited. As the company navigates this leadership transition, all eyes will be on the incoming CEO and his vision for the future. Investors, employees, and stakeholders alike await the unfolding of the next chapter in Sasol’s journey as it continues to play a vital role in South Africa’s energy landscape.
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