Bloomberg reports that Sasol has a plan in place to find a successor for CEO Fleetwood Grobler, whose term of running SA’s biggest publicly traded company by revenue will end next year.

The board’s nomination and governance committee started a “process to identify a suitable successor” to Grobler in 2022, chairperson Sipho Nkosi indicated. The company will announce the new CEO in the first half of 2024. Grobler’s five-year term ends in December next year and “the board has got a well thought through succession plan,” the CEO said in an interview at the company’s Johannesburg headquarters. “They’ve really actively engaged to make sure that it’s going to be the outcome that they want to see,” he added. Grobler, 61, started at Sasol in 1984 and has worked throughout its global operations. He took over as head of the company in October 2019. Sasol “is on a good pathway” to increase diversity in leadership at the company, Grobler commented.

• Read the full original of the report in the above regard at Mining Weekly

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