The company says it will make an announcement regarding the appointment of a new lead independent director.
Sasol board chairperson Mandla Gantsho has informed the board that he would retire with effect from the close of the company’s annual general meeting on November 22, said the energy and chemical company on Thursday.
Johnson Njeke, director and member of the audit committee, said Gantsho has led Sasol through up and down global and local economic cycles as well as the execution of large capital projects that have faced challenges. “Mandla will leave behind a company that is well-positioned to deliver shareholder value against its targets after the commissioning of the last of the downstream chemical units of the Lake Charles Chemicals Project in January 2020.”
Nkosi brings over 36 years’ experience in the South African resources industry, with his last role prior to retirement being the chief executive Officer of Exxaro Resources from 2006 to 2016.
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