Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We safely and sustainably source, produce and market a range of high-quality products, creating value for stakeholders.
Sasol comprises three distinct market-focused businesses, namely: Chemicals, Energy and Sasol ecoFT. Our more focused portfolio is underpinned by a transition to a lower-carbon future and our 70-year track record demonstrates we have the capabilities and competencies to deliver sustainable value in these three core businesses.
Advancing chemical and energy solutions that contribute to a thriving planet, society and enterprise.
Sasol's investors consist of both equity investors (those invested in the Sasol ordinary shares or the ADRs) and lenders/debt investors (banks and institutional investors lending to Sasol or investing in its issues of debt instruments such as local bonds, offshore bonds, commercial paper issues, project finance, loans and other credit facilities and convertible instruments).
Supply Chain is the custodian of all external spend for the Sasol Group. It is responsible for managing supply and demand so as to ensure cost-efficiency and maximise return on spend, while at the same time ensuring effective logistics of a range of deliverables.
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The Chairman of Sasol Ltd, Hixonia Nyasulu, today announced the appointment of David Constable as chief executive designate, effective 6 June 2011. Constable is currently Group President, Operations at Fluor Corporation.
Constable grew up in Canada but has lived and worked all over the world. He is an engineer with 30 years of experience in the heavy industrial engineering, construction, operations and maintenance arena across the globe. He has proven technical, operational and commercial skills as well as a sound track record in diversity and talent management. He has had global exposure to a range of industrial sectors including mining, power, gas, oil and chemicals. His successful track record in capital project development and execution positions him well to guide Sasol's significant capital expenditure programme.
In June 2010, the board of Sasol Limited, under the direction of the Chairman, embarked on a comprehensive recruitment programme for a successor to Pat Davies. Internal and external candidates were considered with the search extending both locally and internationally. The recruitment process sought to identify the best person for the role, within the criteria applied by the Sasol Limited Board, to ensure the candidate would be best positioned to most effectively serve the company's interests at this juncture.
"We are excited to have found a chief executive of David's calibre and experience. His extensive engineering foundation has seen him take critical leadership roles across the world in both developed and developing economies", said Sasol Chairman, Hixonia Nyasulu.
Pat Davies said today, "I have thoroughly enjoyed my time at Sasol and I'm particularly pleased with the strong and diverse management team we have in place. The company's solid performance base and depth of talent has it well positioned for growth both at home and abroad, and I am confident that under David's leadership, great strides will be made in delivering on Sasol's exciting growth strategy.
Davies has reached retirement age and will step down on 30 June 2011 with Constable taking up the role of chief executive on 1 July 2011.
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