David Constable
Photo by: Duane Daws
Sasol president and CEO David Constable has decided not to extend his contract of employment with the company, which expires on May 31, 2016, for a further term beyond June 30, 2016 – the company’s financial year-end.
To support its megaprojects, Sasol has entered into a special advisory services agreement with Constable for the 2017 financial year.
Following his appointment in 2011, Constable prioritised a reduction in organisational complexity and drove an ambitious growth programme, says chairperson Dr Mandla Gantsho.
He adds that the board has a “detailed” succession plan and structured process in place for the position of the president and CEO of the company.
“With 12 months at our disposal, I’m confident that the groundwork we initiated some time ago will enable the board to identify and appoint an accomplished leader who is best suited to take Sasol to the next level. Further announcements in this regard will follow in the new financial year,” he says in a statement.
Constable adds that he is “very proud” of the progress the group has made towards its goal of ensuring long-term sustainability and success.