Sasol Limited Welcomes New Board Member and Leadership Changes
Leadership Changes at Sasol Limited
Sasol Limited announces significant developments regarding its board of directors. These changes reflect the company's ongoing commitment to ensuring diverse leadership and effective governance.
New Appointment on the Board
In a progressive move, Ms. Xikongomelo Maluleke has been appointed as an independent non-executive director, effective June 9, 2025. Her diverse experience makes her a valuable addition to the Sasol board.
Ms. Maluleke is not only a Chartered Accountant but also holds multiple degrees, including an MBA. Her past seven years at Shell Downstream South Africa equipped her with a wealth of financial expertise that she brings to Sasol. She previously held the role of Chief Financial Officer at Lumika Renewables and has actively contributed to the board of Sasol South Africa Limited. With her appointment to the company's board, she resigned from her former trustee roles.
Farewell to a Respected Colleague
Mr. Timothy Cumming stepped down as a non-executive director and chairman of the Remuneration Committee for personal reasons. His resignation was accepted on June 6, 2025, a move that was met with appreciation from the board.
The Chairman, Ms. Muriel Dube, expressed gratitude towards Mr. Cumming for his service, highlighting the impact of his contributions during his tenure. His leadership will be missed as the board moves forward.
New Leadership in Key Committees
With Mr. Cumming's departure, Dr. Martina Flöel has stepped up to take over as the chairman of the Remuneration Committee. Dr. Flöel previously served as the Lead Independent Director and has extensive experience within the company. Her leadership is expected to guide the committee effectively, ensuring continued alignment with best practices.
Additionally, Mr. Manuel Cuambe, a committed member of the Capital Investment Committee, has been appointed as its new chairman. His knowledgeable leadership will support Sasol's strategic financial objectives, particularly in guiding capital investments that align with the company’s future goals.
Continuing Commitment to Governance
Sasol Limited stands firm in its dedication to strong governance. These leadership shifts not only enhance the board's composition but also demonstrate the company's proactive approach to addressing the evolving landscape of the energy sector.
As these transitions unfold, the board of Sasol is poised to leverage the unique strengths of its members, particularly with the fresh insights brought by Ms. Maluleke. Sasol acknowledges that diverse perspectives are crucial for navigating challenges and achieving long-term success.
For those interested in reaching out to the company for more information regarding these board changes, Sasol's Investor Relations team remains available for inquiries. The leadership team is committed to transparency and ongoing communication as they continue to evolve in response to stakeholder expectations.
Frequently Asked Questions
What recent changes occurred in Sasol's board of directors?
Sasol has appointed Ms. Xikongomelo Maluleke as an independent non-executive director and accepted Mr. Timothy Cumming's resignation from the board.
Who is the new member of Sasol's board?
Ms. Xikongomelo Maluleke is the new board member, bringing extensive financial experience and leadership to the team.
What roles did Mr. Timothy Cumming hold before resigning?
He served as a non-executive director and chairman of the Remuneration Committee.
Who has taken over the chairmanship of the Remuneration Committee?
Dr. Martina Flöel has been appointed as the new chairman of the Remuneration Committee following Mr. Cumming's resignation.
What is the significance of these board changes for Sasol?
These changes are part of Sasol's commitment to effective governance and operational excellence, enhancing its strategy for future growth.
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