Sasol Limited (JSE: SOL; NYSE: SSL) Retirement and Appointment of Chairman
September 08 2008 - 3:18AM
PR Newswire (US)
JOHANNESBURG, South Africa, Sept. 8 /PRNewswire-FirstCall/ --
Following an indication by Mr Pieter Cox, the Chairman of Sasol,
that he intends stepping down as Chairman and director of the
Company at the Annual General Meeting on 28 November 2008 the Sasol
Limited board appointed Mrs Hixonia Nyasulu as Chairman of the
Board of directors of the company with effect from after the 2008
Annual General Meeting. In line with international corporate
governance practice the Board has also appointed Professor Juergen
Schrempp as lead independent director. His role will include
chairing the Board when matters pertaining to Sasol Oil (Pty)
Limited are dealt with at the Sasol Limited Board. Mrs Nyasulu has
an 1.275% indirect interest in Sasol Oil (Pty) Limited, a
subsidiary of Sasol Limited. Mr Cox said: "I would like to
congratulate Hixonia on her appointment and wish her well in
providing leadership at board level. She is a respected board
member and it is a pleasure after 13 years on the Sasol Limited
board to hand the baton to her. We are also grateful that Juergen
has accepted his new role." Mrs Nyasulu said: "It is an honour to
accept this appointment as Chairman. I would like to thank Mr Cox
for his outstanding contribution over 37 years to Sasol. The
Company thrived under his leadership as chief executive and later
as chairman. I am looking forward to serving this exciting company
in a new capacity." Pat Davies, the Chief Executive of the company
said: "As management we are delighted to welcome Hixonia as
chairman. We believe she will make an excellent contribution. We
are grateful to Pieter for his leadership over many decades and
wish him well in his retirement." Mrs Nyasulu is the founder and
Chairman of Ayavuna Women's Investments (Pty) Ltd, a
women-controlled investment vehicle. Before founding Ayavuna in
2004, she managed T H Nyasulu & Associates, a marketing
strategy and research company she started in 1984 after working for
Unilever for six years. She has served on the boards of several
South African companies since 1992 including Saficon Motor
Holdings, AVI Limited, McCarthy Retail Ltd, Glodina Ltd and Nedbank
Ltd, where she became Deputy Chairman. Until recently, she was also
on the board of Anglo Platinum. She is currently a director of
Unilever PLC/NV and serves on the boards of Barloworld Ltd,
Glenrand MIB and Tongaat- Hulett Group Ltd. She is also a director
and co-owner of Paton Tupper Associates, a Durban-based design
agency, as well as a member of the JP Morgan South Africa Advisory
Board. Born in 1954 in Randfontein, South Africa, Mrs Nyasulu
attended the historic Inanda Seminary before proceeding to the
University of Zululand where she obtained a BA in Social Work and
an Honours Degree in Psychology. She also holds an Executive
Leadership Development Programme Certificate from the Arthur D
Little Management Education Institute (Massachusetts) and attended
the International Programme for Board Members at the Institute of
Management Development (IMD) in Lausanne, Switzerland. Until
recently she was a member of the Banking Enquiry Panel, appointed
by the South African Competition Commission to investigate charges
in the retail banking sector, access to the National Payment System
and competition in the sector. Sasol Investor Relations team Tel.:
+27 11 441 3113 / 3563 / 3321 DATASOURCE: Sasol Limited CONTACT:
Sasol Investor Relations team, +27-11-441-3113, +27-11-441-3563, or
+27-11-441-3321, Web site: http://www.sasol.com/
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