Sasol’s chief financial officer & executive director to step down

August 26, 2013 | People on the move, Petrochemicals

Sasol's headquarters in Rosebank, Johannesburg

Sasol’s headquarters in Rosebank, Johannesburg

Johannesburg – South African Petrochemicals Company, Sasol Ltd said on Monday its chief financial officer and executive director will step down next month after seven years with the company.

Christine Ramon’s last day at Sasol will be on September 9, when the company releases its full-year results, Sasol said.

“Christine joined Sasol in 2006, and has been a key member of the group executive committee and the Sasol Limited Board throughout her tenure. Over her 7-year career at the company, Christine has been part of landmark transactions such as the Sasol Inzalo Black Economic Empowerment deal in 2008 and our Canadian gas acquisitions in 2010/11. In addition, she drove several important initiatives, including the corporate structure simplification process, which commenced in 2011, and the successful $1 billion bond issuance last year. Under her financial stewardship, Sasol maintained a prudent balance sheet and sound financial risk management processes,” said chief executive officer, David Constable, earlier today.

“I feel honoured and privileged to have been inspired by and to have worked with great people and a strong team at Sasol for more than 7 years in building a successful company. I will continue to follow Sasol with much interest in the future,” said Christine Ramon.

To ensure a seamless transition, Paul Victor, who is currently Group Finance Executive, has been appointed as Acting Chief Financial Officer and Executive Director of Sasol Limited with effect from 10 September 2013.