JOHANNESBURG, May 21, 2024
/PRNewswire/ -- In compliance with para 3.59 of the JSE
Listings Requirements and para 6.39 of the JSE Debt Listings
Requirements, shareholders and noteholders are advised of the
following changes to the board of directors of the Company (the
Board) in accordance with the Company's nomination and succession
plan for directors and the chairman:
1. Appointment of independent non-executive director
Mr David G P Eyton has been appointed as a non-executive
director of Sasol with effect from 1
September 2024. Mr Eyton satisfies the independence
requirements for directors under applicable requirements in
South Africa and the United States. David will also join the
Company's Capital Investment, Safety, Social and Ethics and
Remuneration Committees.
David held various positions at BP Plc between 1982 and 2022. He
has extensive experience in the oil and gas sector, having held
various business and functional leadership roles. He provided
leadership in BP's energy transition and managed BP's digital and
operating management systems, corporate venture capital and
research and development functions.
David has been the chairman and trustee of the John Lyons
Foundation since 2016 and serves on the board of the UK Royal
Academy of Engineering.
David holds a BA Engineering degree from the University of Cambridge. He is a fellow of The
Royal Academy of Engineering, the Institute of Materials, Minerals
and Mining and the United Kingdom Institute of Directors.
The Chairman of the Sasol Board (Chairman), Mr Steve Westwell, said: "We are pleased to welcome
a person of David's calibre to the Sasol Board. His background in
energy transition and digital technologies will be valuable to
Sasol as we progress our transition."
2. Retirement of chairman of the Remuneration
Committee
Ms Mpho Nkeli has decided to
retire as non-executive director and chairman of the Remuneration
Committee of Sasol on 31 August 2024.
The Chairman said: "Mpho enabled the Board to consciously take
account of the competing interests of the diverse stakeholders of
Sasol, in carving out and implementing a remuneration philosophy
and policy that sought to balance the interests of employees and
investors in pursuit of a sustainable Sasol. We wish her well in
her future endeavours."
Mr Timothy Cumming, appointed as
a director with effect from 1 June
2024, will take over as chairman of the Remuneration
Committee on 1 September 2024. Tim
has been appointed as a member of the Capital Investment,
Remuneration and Safety, Social and Ethics Committees with effect
from 1 June 2024. The Board is
satisfied that his remuneration oversight experience in the South
African market will stand him in good stead as chairman of the
Remuneration Committee.
3. Retirement of chairman and appointment of interim
chairman
Mr Steven Westwell retires as
non-executive director and Chairman on 1
June 2024 when he reaches the twelfth anniversary of his
appointment to the Sasol Board. Ms Muriel
Dube, Sasol's Lead Independent Director (LID), said: "The
Board expresses its gratitude and appreciation for the immense
contribution made by Steve on the Board and its Committees,
including on statutory committees. In addition to serving as LID,
Steve most ably led the Board's oversight on capital investments in
his capacity as chairman of the Capital Investment Committee. He
also recently presided successfully over the succession of the
President and Chief Executive Officer of the Company and the
filling of two vacancies on the Board. Steve's expertise, wisdom
and experience will be sorely missed."
Muriel Dube, in her capacity as
LID, will carry out the responsibilities of the Chairman of the
Board until the appointment of the Chairman is made. In particular,
Muriel will bring to completion the Chairman succession process
currently underway.
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SOURCE Sasol Limited
