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Sasol Limited Board

Bongani Nqwababa

Bongani Nqwababa

Sasol Limited
Executive Director and Joint President and Chief Executive Officer
  • BAcc (Honours), CA(Z), MBA
  • South African
  • Born 1966
  • Appointed to the Board in 2013 and as an executive director in 2015
  • Member of risk and safety, health and environment committee and capital investment committee

Mr B Nqwababa became our Joint President and CEO on 1 July 2016. He was previously Group Chief Financial Officer, having been appointed to the Group Executive Committee on 1 March 2015.

Before joining Sasol, he was Finance Director at Anglo American Platinum Limited. He is also a previous Finance Director of Eskom Holdings and Chief Financial Officer of Shell Southern Africa, and served as a non-executive director of Old Mutual plc and as Chairman of the South African Revenue Services Audit Committee. In his previous roles, he has worked in many countries across the world including The Netherlands and United Kingdom.

From December 2013 to September 2014, he served as an independent nonexecutive director of Sasol.

Stephen Cornell

Stephen Cornell

Sasol Limited
Executive Director and Joint President and Chief Executive Officer
  • BSc Chem Eng
  • American
  • Born 1956
  • Appointed to the board in 2016
  • Member of risk and safety, health and environment committee and capital investment committee

Mr SR Cornell became our Joint President and CEO on 1 July 2016. He joined Sasol as Executive Vice President, International Operations on 1 February 2014, and was responsible for all Sasol’s operational activities outside Africa.

Prior to that, he held senior positions at BP North America. He was Chief Operating Officer for US Fuels, responsible for production, sales, marketing and logistics of BP fuel products in the US. He was also BP’s Global Head of major downstream projects, providing oversight to all large capital projects in the petrochemicals and fuels businesses. He was also responsible for the development of BP’s fuels business in China.

Before these positions he was Regional Vice President for Refining, responsible for BP’s refining business in the United States.

Paul Victor

Paul Victor

Sasol Limited
Executive Director and Chief Financial Officer
  • BCompt (Hons), CA (SA), International Tax Law (Hons)
  • South African
  • Born 1972
  • Appointed to the board in 2016
  • Member of risk and safety, health and environment committee and capital investment committee

Mr P Victor became our Chief Financial Officer (CFO) on 1 July 2016. He was previously Senior Vice President: Financial Control Services at Sasol, and served as Acting CFO from 10 September 2013 to 28 February 2015. During this period he was instrumental in implementing the cost containment programme. He also provided thought leadership and proactively supported the GEC in implementing a cash conservation response plan in reaction to the significant drop in the crude oil price.

Mr Victor gained invaluable experience during his 10 years as Chief Financial Officer of Sasol Synfuels – a position he held until 2011, when he was appointed to head up the group’s financial governance and reporting.

Mandla Gantsho

Mandla Gantsho

Sasol Limited
Independent non-executive Director and Chairman
  • BCom (Hons), CA(SA), MSc, MPhil, PhD
  • South African
  • Born 1962
  • Appointed to the board in 2003, appointed as chairman in 2013
  • Chairman of nomination, governance, social and ethics committee and member of risk and safety, health and environment committee and remuneration committee

Dr MSV Gantsho is the Chairman of Africa Rising Capital, the Chairman and member of the Audit Committee of Ithala Development Finance Corporation and the Chairman of Impala Platinum Holdings Limited.

He was the Vice President Operations: Infrastructure, Private Sector and Regional Integration of the African Development Bank from 2006 to 2009, and before that the Chief Executive Officer and Managing Director of the Development Bank of Southern Africa.

He served as a Director of the South African Reserve Bank from 2011 to 2013. In 1997, he was appointed as a Commissioner of the Finance and Fiscal Commission, a body set up in terms of the South African Constitution to advise the South African parliament on intergovernmental fiscal transfers. In 2002, he was appointed as a Member of the Myburgh Commission of Enquiry into the rapid depreciation of the rand during 2001.

 

Colin Beggs

Colin Beggs

Sasol Limited
Independent non-executive director
  • BCom (Hons), CA(SA)
  • South African
  • Born 1948
  • Appointed to the board in 2009
  • Chairman of audit committee and member of risk and safety, health and environment committee

Mr C Beggs was the Chief Executive Officer of PricewaterhouseCoopers until the end of June 2009. He is a former Chairman of the Board of the South African Institute of Chartered Accountants (SAICA). He served as Chairman of the Accounting Practices Committee and was a Member of the Accounting Practices Board. He is also a Director of the Ethics Institute of South Africa.

He is a Director and Audit Committee Chairman of Absa Bank Limited, Barclays Africa Group Limited and SAB Zenzele Holdings Limited.

Manuel Cuambe

Manuel Cuambe

Sasol Limited
Independent non-executive Director
  • B.Eng, Post-graduate Certificate in Management Studies
  • Mozambican
  • Born 1962
  • Appointed to the board in 2016

Mr MJ Cuambe is the Managing Director of MC Investimentos & Consultoria (MCICO). He served as the Executive Chairman and Chief Executive Officer of Electricidade de Moçambique (EDM) from November 2005 to March 2012. Mr Cuambe is the Chairman of Companhia Eléctrica do Zambeze (CEZA), a wholly-owned subsidiary of EDM.

He was a non-executive director of Companhia de Transmissão de Moçambique (MOTRACO), a joint venture between EDM, the Swaziland Electricity Company (SEC) and Eskom, from 1998 to 2002 and served as the Chairman of the Executive Committee of the Southern Africa Power Pool from November 2005 to April 2008.

He has a post-graduate certificate in management studies from the Management College of Southern Africa.

Henk Dijkgraaf

Henk Dijkgraaf

Sasol Limited
Lead Independent non-executive Director
  • MSc Eng (Mining)
  • Dutch
  • Born 1947
  • Appointed to the board in 2006, appointed as lead independent director in 2015
  • Chairman of remuneration committee and member of risk and safety, health and environment committee and nomination, governance, social and ethics committee

Mr HG Dijkgraaf is the former Chief Executive Officer of the Dutch natural gas companies, GasTerra, Gasunie and Nederlandse Aardolie Maatschappij. He held various positions in the Royal Dutch Shell group in a number of countries between 1972 and 2003 including the positions of President, Shell Nederland BV, Director, Shell Exploration and Production and Chief Executive, Gas, Power and Coal.

He is Vice Chairman of the Board and Chairman of the Audit Committee of Eneco Holding NV, a major sustainable energy company in Western Europe, a member of the Board of the Southern African-Netherlands Chamber of Commerce and Deputy Chairman and Treasurer of the Netherlands Institute for the Near East.

He attended the Senior Executive Programme at the Massachusetts Institute of Technology in the United States in 1987.

 

Nomgando Matyumza

Nomgando Matyumza

Sasol Limited
Independent non-executive director
  • BCom, BCompt (Hons), CA(SA), LLB 
  • South African
  • Born 1963 
  • Appointed to the board in 2014 
  • Member of audit committee and capital investment committee 

Ms NNA Matyumza is the Lead Independent Director of Wilson Bayly Homes-Ovcon Limited and Chairman of its Audit and Risk Committee. She is a Non-Executive Director of Hulamin Limited and a member of its Audit Committee. She is also a non-executive director of Ithala Development Finance Corporation Limited. She has held senior financial management and executive positions in various organisations, including South African Breweries, Transnet and Eskom. Gando is a chartered accountant and also holds an LLB degree. She is an ordained minister of the African Methodist Episcopal Church.

She attended the University of Cape Town Graduate School of Business Executive Management Programme in 2000.

Imogen Mkhize

Imogen Mkhize

Sasol Limited
Independent non-executive director
  • BSc (Information Systems), MBA 
  • South African 
  • Born 1963 
  • Appointed to the board in 2005 
  • Chairman of risk and safety, health and environment committee and member of audit committee and remuneration committee 

Ms IN Mkhize is the former Chairman of The Richards Bay Coal Terminal Company Proprietary Limited. She was the Chief Executive Officer of the 18th World Petroleum Congress from 2003 to 2006 and before that, the Managing Director of Lucent Technologies South Africa. She is a former member of the Financial Markets Advisory Board and previous directorships include Mondi Plc and Mondi Limited, MTN SA, Murray & Roberts, Illovo, Allan Gray, Datacentrix and the Council for Scientific and Industrial Research in South Africa.

She is a director of NPC-Cimphor and Imbewu Capital Partners. She is the Chairman of Rhodes Business School and an emeritus member of the Harvard Business School Global Alumni Board. She is also a member of the Accenture South Africa Advisory Board and a Director of the Ethics Institute of South Africa. Imogen is a chartered director with the Institute of Directors South Africa.

Moses Mkhize

Moses Mkhize

Sasol Limited
Independent non-executive director
  • BCom (Hons), Higher Diploma (Electrical Engineering) 
  • South African 
  • Born 1961 
  • Appointed to the board in 2011 
  • Member of nomination, governance, social and ethics committee 

Mr ZM Mkhize is the Executive Director: Manufacturing, Rolled Products of Hulamin Limited and also serves as director of a number of subsidiaries of Hulamin. 

JJ Njeke

JJ Njeke

Sasol Limited
Independent non-executive director
  • BCompt (Hons), CA(SA), HDip Tax Law 
  • South African 
  • Born 1958 
  • Appointed to the board in 2009 
  • Member of audit committee

Mr MJN Njeke is a past Chairman of the South African Institute of Chartered Accountants. He was the Managing Director of Kagiso Trust Investments from 1994 to 2010. He previously served as a member of the Katz Commission of Inquiry into Taxation in South Africa, the General Committee of the JSE Securities Exchange, the Audit Commission – Supervisory Body of the Office of Auditor General and the Audit Committee of National Treasury.

He is the chairman of Adcorp Holdings Limited, MMI Holdings Limited and serves on the boards of Resilient Property Income Fund and the Council of the University of Johannesburg.

Peter Robertson

Peter Robertson

Sasol Limited
Independent non-executive director
  • BSc (Mech Eng), MBA
  • American and British 
  • Born 1947 
  • Appointed to the board in 2012
  • Chairman of capital investment committee, member of remuneration committee and risk and safety, health and environment committee 

Mr PJ Robertson held various positions ranging from management to executive leadership for Chevron Corporation in the United Kingdom and the United States between 1973 and 2009. These executive positions include Vice President: Finance, Chevron USA, President: exploration and production company, and President: ChevronTexaco Overseas Petroleum. He served as Vice-Chairman of the Chevron Corporation Board of Directors from 2002 to 2009. He has served as the Chairman of the US Energy Association and as a Non-Executive Director of Sasol Chevron Holdings Limited.

Mr PJ Robertson is a director and member of the Audit Committee of Jacobs Engineering Group Inc. He is a member of the Advisory Board of Campbell Lutyens and is Chairman of the World Affairs Council and the US-Saudi Arabian Business Council.

Stephen Westwell

Stephen Westwell

Sasol Limited
Independent non-executive director
  • BSc (Mech Eng), MSc (Management), MBA 
  • British 
  • Born 1958
  • Appointed to the board in 2012 
  • Member of audit committee, risk and safety, health and environment committee and capital investment committee 

Mr S Westwell is the Chief Executive Officer and Director of EFR Group BV. He is also a director and chairman of the Audit Committee of Control Risk Limited. He was the Chief Executive Officer of Silver Ridge Power Inc. from 2013 to 2014. He held various management and executive positions for BP in South Africa, the United States, and the United Kingdom between 1988 and 2007. These executive positions include head of BP’s retail business in South Africa and Board Member of BP Southern Africa, Chief Executive Officer for BP Solar; and Chief Executive officer for BP Alternative Energy. He served as Group Chief of Staff and member of BP Plc’s executive management team in the United Kingdom from 2008 to 2011. He also worked for Eskom Holdings Limited in several operational capacities.