- This topic is empty.
Viewing 1 post (of 1 total)
-
Posts
-
Sasol’s Chief Financial Officer (CFO) Hanré Rossouw has resigned from the group and will leave at the end of October 2024, the company confirmed in a JSE Sens statement on Thursday morning.
Rossouw has only been in the position for just over two years.
Sasol’s share price fell to a new 52-week low, below the R128-a-share mark at one point, in morning trade following confirmation of Rossouw’s resignation. The stock traded around 4% weaker just before 10am.
2024-05-02, 8:50:00 a.m.
“Shareholders are advised in terms of paragraph 3.59 of the JSE Listings Requirements that Mr Hanré Rossouw has informed the company that he will step down as CFO and executive director of Sasol Limited on 31 October 2024,” the Sens said.
Sasol chair Steve Westwell said: “Hanré joined Sasol on 4 April 2022 and has made a solid contribution towards achieving Future Sasol.”
Trix Kennealy, chair of Sasol’s Audit Committee, added: “We thank Hanré for his leadership during a challenging period and wish him well in his future endeavours.”
According to Sasol, Rossouw will remain with the group for the financial year-end closing and the publication of its “suite of annual reports for the year ending 30 June 2024, allowing for a structured handover period”.
“Sasol has commenced the succession process, and an announcement will be made in due course,” it added in regard to a replacement CFO.
The group’s share price has come under further pressure recently after it flagged in a trading update that its FY2024 performance is likely to come in weaker than expected.
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.