Energy provider Sasol Limited named insider Simon Baloyi as its new chief executive officer on Friday, effective April 1, 2024.
The company said Fleetwood Grobler, 62, the current CEO will step down from his role and continue with the firm as an executive advisor until December 31, 2024.
Grobler joined the company on November 1, 2019, prior to which, he served as executive vice president of Sasol’s Chemicals Business, based in Germany.
The company said its board set out on a comprehensive recruitment programme to bring in a successor to Grobler.
Baloyi will take over as CEO from Grobler, after the company considered internal and external candidates. He is presently serving as Sasol’s executive vice president of Energy Operations and Technology, and has been with the company since 2002, in various management roles.
Stephen Westwell, chairman of Sasol said, “Through Fleetwood’s resolute leadership, Sasol is on track to be more resilient, and live up to our purpose of innovating for a better world.”
“In addition, the Board has full confidence in Simon’s ability to lead Sasol”, said Westwell and continued to add, “We believe that his strategic outlook, excellent leadership skills, technical and business acumen and deep experience of our operations will stand him in excellent stead to take over the helm.”
Johannesburg, South Africa-based Sasol is a global energy firm that safely and sustainably source, produce and market a range of high-quality products in 22 countries. Sasol is a public company listed on the Johannesburg Stock Exchange (JSE) in South Africa and the New York Stock Exchange (NYSE) in the United States.
To read more articles on Leadership, head to this link.
