SASOL LIMITED: APPOINTMENT OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR

Rhea-AI Summary

Sasol (SSL) has announced the appointment of Walt Bruns as its new Chief Financial Officer and executive director, effective September 1, 2024. Bruns, currently the CFO of Sasol Southern Africa, will replace Hanré Rossouw, who is stepping down on August 31, 2024. With 15 years of experience at Sasol and extensive global expertise in chemicals and energy sectors, Bruns is well-positioned for the role. He holds a Bachelor of Commerce degree and is a certified chartered accountant in South Africa. The Board expressed confidence in Bruns' ability to drive sustainable value and support Sasol's strategic transformation.

Positive

• Appointment of experienced internal candidate as new CFO
• New CFO has 15 years of experience with the company
• Smooth transition planned with overlap between outgoing and incoming CFO

Negative

• Departure of current CFO Hanré Rossouw after only two years in the role

JOHANNESBURG, Aug. 13, 2024 /PRNewswire/ -- Shareholders and noteholders are referred to the SENS announcement of 2 May 2024, where Sasol advised that Mr Hanré Rossouw will step down as Chief Financial Officer and executive director of Sasol Limited on 31 October 2024 to pursue a career opportunity. 

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 that the Board of Sasol Limited, following a thorough process considering both internal and external candidates, has appointed Mr Walt Bruns as Chief Financial Officer and executive director of Sasol Limited to replace Mr Hanré Rossouw.  This appointment will take effect from 1 September 2024, in accordance with the Company's policy for the nomination of directors. 

Shareholders and noteholders are further advised that Mr Hanré Rossouw will therefore step down as Chief Financial Officer and executive director of Sasol Limited on 31 August 2024.   

Mr Bruns is currently the Chief Financial Officer of Sasol Southern Africa including Energy and Chemicals. He has been with Sasol for 15 years and has held a variety of senior management positions, including more than three years as Chief Financial Officer of Sasol's global chemicals business.  Prior to Sasol, he worked for Deloitte in South Africa and the United States of America.  Mr Bruns is well positioned to succeed Mr Rossouw, owing to his in depth knowledge of the Sasol business and his extensive global experience in both the chemicals and energy sectors. Mr Bruns will focus on driving sustainable value and supporting Sasol's strategic transformation for the future.   

Mr Bruns is a certified chartered accountant in South Africa.  He holds a Bachelor of Commerce degree from the University of Stellenbosch and post graduate diplomas from the University of Cape Town.  

Ms Trix Kennealy, Chairman of the Sasol Audit Committee, said: "On behalf of the Board, I would like to thank Hanré for his significant contribution and leadership over the past two years, during particularly challenging times. The Board welcomes Walt and is looking forward to working with him.  His background and experience are well aligned with Sasol's near and long-term objectives, and he will play a key role in re-shaping our financial success."

For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com 

 

View original content:https://www.prnewswire.com/news-releases/sasol-limited-appointment-of-chief-financial-officer-and-executive-director-302220676.html

SOURCE Sasol Limited

FAQ

Who is the new CFO of Sasol (SSL)?

Walt Bruns has been appointed as the new Chief Financial Officer and executive director of Sasol (SSL), effective September 1, 2024.

When will Walt Bruns start as Sasol's (SSL) new CFO?

Walt Bruns will start as Sasol's (SSL) new Chief Financial Officer on September 1, 2024.

Why is Hanré Rossouw leaving Sasol (SSL)?

Hanré Rossouw is stepping down as CFO and executive director of Sasol (SSL) to pursue a career opportunity elsewhere.

What is Walt Bruns' background at Sasol (SSL)?

Walt Bruns has been with Sasol (SSL) for 15 years, holding various senior management positions, including CFO of Sasol Southern Africa and over three years as CFO of Sasol's global chemicals business.