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Sasol Ltd. has reported that Ms. Christine Ramon has resigned as Chief Financial Officer and Executive Director from Sasol Limited as well as from all other directorships and offices she holds at the company and its subsidiaries and/or affiliated entities.
CEO David Constable commented: "We have agreed that Ms. Ramon's last day in the office will coincide with the announcement of the company's year-end results on the 9th of September 2013.
"Christine joined Sasol in 2006, and has been a key member of the group executive committee and the Sasol Limited Board throughout her tenure. Over her 7-year career at the company, Christine has been part of landmark transactions such as the Sasol Inzalo Black Economic Empowerment deal in 2008 and our Canadian gas acquisitions in 2010/11. In addition, she drove several important initiatives, including the corporate structure simplification process, which commenced in 2011, and the successful $1 billion bond issuance last year. Under her financial stewardship, Sasol maintained a prudent balance sheet and sound financial risk management processes."
Ramon added: "I feel honoured and privileged to have been inspired by and to have worked with great people and a strong team at Sasol for more than 7 years in building a successful company. I will continue to follow Sasol with much interest in the future."
To ensure a seamless transition, Paul Victor, who is currently Executive: Group Finance, has been appointed as Acting Chief Financial Officer and Executive Director of Sasol Limited with effect from 10 September 2013.