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Sasol Limited Board

Bongani Nqwababa

Bongani Nqwababa

Sasol Limited
Executive Director and Joint President and Chief Executive Officer
  • BAcc (Honours), FCA(Z), MBA
  • South African
  • Born 1966
  • Appointed to the Board in 2013 and executive director in 2015
  • Member of Safety, Social and Ethics Committee, Capital Investment Committee and Digital, Information Management and Hedging 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 Service‘ Audit Committee.

In 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 Non-executive Director of Sasol.

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 Safety, Social and Ethics Committee, Capital Investment Committee and Digital, Information Management and Hedging 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. Mr Cornell was Chief Operating Officer for US Fuels, responsible for production, sales, marketing and logistics of BP fuel products in the US. 

In addition to this, he was also BP’s Global Head of major downstream projects, providing oversight to all large capital projects in the petrochemicals and fuels businesses. Prior to BP, Mr Cornell was employed with Total, holding various executive positions in petrochemical businesses in Europe, Asia and the US. Mr Cornell began his career with Exxon Corporation

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 Capital Investment Committee and Digital, Information Management and Hedging 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 pro-actively 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 and Governance Committee and member of Remuneration Committee

Dr MSV Gantsho is Chairman of Africa Rising Capital, Chairman and member of the Audit Committee of Ithala Development Finance Corporation, Chairman of Impala Platinum Holdings Limited, Chairman of Kumba Iron Ore, a member of its Human Resources and Remuneration Committee and Chairman of its Nominations and Governance Committee. 

He was Vice President Operations: Infrastructure, Private Sector and Regional Integration of the African Development Bank from 2006 to 2009, and before that Chief Executive Officer and Managing Director of the Development Bank of Southern Africa. He served as Director of the South African Reserve Bank from 2011 to 2013. 

In 1997, he was appointed as 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 Safety, Social and Ethics Committee and Digital, Information Management and Hedging Committee 

Mr C Beggs was 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, Absa Group Limited and SAB Zenzele Holdings Limited.

Manuel Cuambe

Manuel Cuambe

Sasol Limited
Independent non-Executive Director
  • BEng, Post-graduate Certificate in Management Studies
  • Mozambican
  • Born 1962
  • Appointed to the Board in 2016
  • Member of Safety, Social and Ethics Committee and Capital Investment Committee

Mr MJ Cuambe is Managing Director of MC Investimentos & Consultoria (MCICO). He served as Executive Chairman
and Chief Executive Officer of Electricidade de Moçambique (EDM) from November 2005 to March 2012. 

Mr Cuambe was 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 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.

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, Remuneration Committee and Digital, Information Management and Hedging Committee 

Ms NNA Matyumza is a Non-executive Director of Hulamin Limited, Chairman of the Remuneration Committee and a member of its Audit Committee. Ms Matyumza is a Non-executive Director of the Standard Bank Group and Standard Bank South Africa. She is a member of Group Audit Committee, Group Remuneration Committee and Group Risk and Capital Management Committee. 

She has held senior financial management and executive positions in various organisations, including South African Breweries, Transnet and Eskom. Ms Matyumza is a chartered accountant and also holds an LLB degree. She is an ordained minister of the African Methodist Episcopal Church and member of its Presiding Elder Council. 

She attended the University of Cape Town Graduate School of Business Executive Management Programme in 2000, and has a certificate in Foundations in Executive Coaching.

 

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 
  • Chairman of the Safety, Social and Ethics Committee 

Mr ZM Mkhize holds a BCom Honours degree from UNISA and a Higher Diploma in Electrical Engineering from Durban University of Technology. Mr ZM Mkhize is 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 and Nomination and Governance 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 Chairman of MMI Holdings Limited and serves on the boards of Delta Property Fund and Datatec Limited.

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 Nomination and Governance Committee 

Mr PJ Robertson held various positions ranging from management to executive leadership for Chevron Corporation in United Kingdom and United States between 1973 and 2009. These executive positions include Vice President: Finance, Chevron USA; President: Exploration and Production Company; President: Chevron Texaco Overseas Petroleum; Executive Vice President and Vice-Chairman of the Chevron Corporation Board of Directors from 2002 to 2009.

He has served as 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, Safety, Social and Ethics Committee, Capital Investment Committee and Chairman of Digital, Information Management and Hedging Committee 

Mr S Westwell was the Chief Executive Officer of EFR Group BV from 2015 – 2016 . He is 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, United States, and 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

Gesina Maria Beatrix Kennealy

Gesina Maria Beatrix Kennealy

Sasol Limited
Independent non-Executive Director
  • BCom (Accountancy), BCom (Accountancy) (Hons),  CA(SA)
  • South African
  • Born 1958
  • Member of Audit Committee and Capital Investment Committee

Ms GMB Kennealy served as the Chief Financial Officer of the South African Revenue Service from January 2009 until her retirement in December 2013. Before that she served as Chief Operating Officer of Absa Corporate and Business Bank from 2006 to 2009. 

Her previous senior financial management positions were at Absa Bank, BHP Billiton South Africa, Samancor Chrome and Foodcorp. She also serves on the Board of Standard Bank Group Limited.

Mpho Elizabeth Nkeli

Mpho Elizabeth Nkeli

Sasol Limited
Independent non-Executive Director
  • BSc (Environmental Science), MBA 
  • South African
  • Born 1964
  • Chairman of the Remuneration Committee, member of Nomination and Governance Committee and Capital Investment Committee

Ms ME Nkeli served Vodacom Group Limited as Chief HR Officer responsible for Health, Safety, Environment and Facilities and was an Executive Director of Vodacom South Africa (Pty) Limited from 2011 to 2014, having previously served as an Executive Director of Alexander Forbes from 2005 until 2010. 

She also served as a Non-executive Director on the Boards of Ellerine Holdings Limited and African Bank Investments Limited. Ms Nkeli is a member of the Board of Impala Platinum Holdings Limited. 

She previously chaired the Commission for Employment Equity.

Muriel Betty Nicolle Dube

Muriel Betty Nicolle Dube

Sasol Limited
Independent non-Executive Director
  • MSc (Oxon)
  • South African
  • Born  1972
  • Appointed to the Board in 2018
  • Member of the Safety, Social and Ethics Committee and Capital Investment Committee

Ms MBN Dube holds an MSc degree in Environmental Change and Management from Green Templeton College, University of Oxford, as well as degrees in Politics and Social Sciences from the University of Johannesburg. She has completed several executive and finance programmes at Saïd Business School, University of Oxford, Harvard Institute for International Development, the Chartered Institute of Securities and Investment and Standard & Poor’s. 

Ms Dube has served as director of Atmospheric Protection and Chemicals Management, as Chief Negotiator on behalf of the South African Government regarding climate change under the auspices of the United Nations Framework Convention on Climate Change, Sustainability Manager at BHP Billiton, Banker at Investec plc and Group Commercial Director at Bidvest Group.
 
Ms Dube is currently a Non-executive Director of Vodacom SA, PG Group and EnviroServ Holdings and previously of Bidvest Group Ltd and Fluormin Plc.

Martina Flöel

Martina Flöel

Sasol Limited
Independent non-Executive Director
  • M.Sc (Chemistry), PhD (Chemistry)
  • German
  • Born 1960
  • Appointed to the Board in 2018
  • Member of the Remuneration Committee, Nomination and Governance Committee and Capital Investment Committee

Dr Flöel holds an MSc in Chemistry from the University of Frankfurt and a PhD in Chemistry from the Technische Universität Munichen (University of Munich), Germany. With 30 years’ experience in the chemicals industry in roles covering chemical and process research and development, technical innovations, technologies as well as operations and industrial supply chain, Dr Flöel is a seasoned industrial leader. 

She concluded her executive leadership career as Managing Director and Chief Executive Officer of OXEA Holdings. She serves on the Board of NESTE Corporation based in Espoo, Finland.