Sasol said on Friday that David Constable would serve as the petrochemicals group’s new chief executive from July 1 when the current head of the company steps down.
After an internal and external search locally and internationally, Constable was chosen to succeed Pat Davies who has reached retirement age and will step down at the end of June.
“We are excited to have found a chief executive of Davids’s calibre and experience. His extensive engineering foundation has seen him take critical leadership roles across the world in both developed and developing economies,” said Sasol chairperson Hixonia Nyasulu.
Sasol said Constable is an engineer with 30 years in the heavy industrial engineering, construction, operations and maintenance arena across the globe. He last served as group president of operations at Fluor Corporation.
Shares in Sasol, up 2,4% so far this year, were down 1,48% at R349,26 by 9.24am GMT, compared with a 0,28% fall in Johannesburg’s Top-40 index of blue chips. — Reuters