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Sasol appoints Christine Ramon as Executive Director and Chief Financial Officer

Date: 
05 April 2006

Sasol today announced that it has appointed Christine Ramon (38) as executive director and chief financial officer (CFO) with effect from 1 May 2006.

Ramon will be a member of both the Sasol Limited board and the group executive committee and will be appointed as a director of various group companies and divisions.
 
“We are delighted Christine is joining us and welcome her on board at a most exciting time for Sasol, both in South Africa and internationally,” says Sasol deputy chief executive Trevor Munday.
 
This comes less than two weeks after Sasol announced that Dr Benny Mokaba (44) would also join as an executive director with effect from 1 May 2006. Dr Mokaba – who has had a highly successful career spanning industry, academia and government – will assume responsibility for Sasol's energy businesses in South Africa, including Sasol's synfuels, mining, Secunda shared services, gas, and liquid fuels businesses.
 
From 1 May 2006 Sasol Ltd will have a full complement of five executive directors: Pat Davies (CE), Trevor Munday (deputy CE), Christine Ramon (chief financial officer), Nolitha Fakude (human resources and strategy) and Benny Mokaba (South African energy businesses).
“We promised to bring new black leaders into the upper structures of Sasol. In line with our commitment to transformation and creating a world-class company, Sasol will now have a diverse board with extensive local and international experience,” says Sasol CE Pat Davies.
 
“Trevor Munday will be relinquishing his responsibility as chief financial officer (CFO) in the light of his new role as deputy chief executive. Christine Ramon will report to Trevor and will be able to draw on the considerable experience and expertise he has gained during the very successful tenure he has had as the Group's CFO,” adds Davies.
 
Sasol also announced late last year that well known businesswomen Hixonia Nyasulu would join the Sasol board as a non-executive director on 1 June 2006. As a result, the Sasol Limited board will comprise 15 directors from 1 June 2006. Two are international directors: Anshu Jain and Juergen Schrempp. Of the 13 South African directors, seven (54%) are black and eight (62%) are from the designated groups. In addition to the five Sasol executive directors, the board will comprise Pieter Cox (non-executive chairman), Elisabeth Bradley, Warren Clewlow, Brian Connellan, Sam Montsi, Mandla Gantsho and Hixonia Nyasulu as non-executive directors.
 
Ramon was until recently the chief executive of Johnnic Holdings Limited. She joined the Johnnic group in 1995 where she held several senior positions including acting chief operating officer and financial director. Ramon started her career with Coopers & Lybrand and progressed to audit manager at offices in South Africa and Italy. During this time she was, among other things, seconded to the Independent Electoral Commission as deputy finance director.
 
Ramon is a director of several companies including Transnet Limited. She is also a member of the Transnet Audit Committee.
 
A chartered accountant by profession, Ramon holds a B Compt and a B Compt Hons of the University of South Africa.
Sasol executive directors
Standing L to R: Pat Davies (CE) and Trevor Munday (deputy CE) 
Seated L to R: Nolitha Fakude (human resources and strategy), Benny Mokaba (South African energy businesses) and Christine Ramon (chief financial officer)
 
 
 

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