Sasol announces new CEO

Sasol announced today that Simon Baloyi will soon become the company’s new President and CEO.

Baloyi will succeed Fleetwood Grobler, Sasol’s current president and CEO, on April 1, 2024. 

Fleetwood will continue serving as an executive advisor until 31 December 2024 to ensure a smooth and structured handover.

Sasol said its board embarked on a “comprehensive recruitment programme” to identify Fleetwood’s successor.

“Both internal and external candidates were considered, and the process sought to identify the best leader for the role to ensure the candidate would be best positioned to most effectively serve the company’s interests going forward,” Sasol said.

Baloyi is currently the Executive Vice President of Energy Operations and Technology at Sasol.

He holds Master’s degrees in Engineering Management and Chemical Engineering and has served in various management positions since joining the Sasol Group in 2002.

Baloyi said, “I am looking forward to working with the board, management, the Sasol family and all our stakeholders.”

Sasol chairman Stephen Westwell said, “Through Fleetwood’s resolute leadership, Sasol is on track to be more resilient and live up to our purpose of innovating for a better world.” 

“In January 2024, Fleetwood will celebrate his 40th service anniversary with Sasol, and we are extremely thankful for his dedication and commitment to Sasol over his illustrious career.” 

He said the board has full confidence in Baloyi’s ability to lead Sasol. 

“We believe that his strategic outlook, excellent leadership skills, technical and business acumen and deep experience of our operations will stand him in excellent stead to take over the helm.”