Sasol Appoints New Group Executive Committee Member

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Dec 05, 2013, 05:46 ET

JOHANNESBURG, December 5, 2013 /PRNewswire/ --

Sasol today announced the appointment of Stephen Cornell as the newest member of its management team. Cornell is currently the Chief Operating Officer for US Fuels and Global Head of Major Projects at BP plc. Reporting directly to Sasol's Chief Executive Officer, David Constable, Cornell will be appointed as Sasol's Executive Vice President: International Operations, with effect from 1 February 2014, based in Houston.

In November 2013, the new Group Executive Committee ("GEC") structure was announced, which will be effective from 1 July 2014. At the time, Sasol indicated that given the growing importance of its international businesses, particularly in the United States, a focused operations position at the GEC level had been created. In the context of Sasol's redesigned operating model, this role will be accountable for the group's operations outside of Southern Africa, including Sasol's US mega-projects in Lake Charles, Louisiana.

Cornell has extensive US domestic and international experience in petrochemicals, refining and logistics, having worked in the industry in the US, Europe, the Middle East and Asia. He has significant business improvement experience, having reshaped BP's US fuels business over a six-year period, through improved work processes, divestiture of key assets and by driving the significant expansion of the 413,000 barrels per day BP Whiting refinery. In addition, within often complex operating environments, Cornell has first-hand experience in large-scale capital projects, ensuring substantial safety improvements and in embedding manufacturing excellence.

Constable said, "At a time when we are striving to enhance our own performance levels at Sasol, it is exciting to have a leader join our team, who is known for passionately driving high performance through talent and capability development across all areas of the organisation. With over three decades in the industry under his belt, Steve is highly regarded by his peers as a commercial and strategic leader with substantial chemical engineering experience."

Commenting on his appointment, Cornell said he was excited to be making this change. "I could not be happier that my family and I have now become part of the Sasol team. I strongly believe we can capitalise on many opportunities in the global energy arena. This is an important time in Sasol's history and I am certainly looking forward to working with the team to continue building on the Company's many successes."

About Sasol:

Committed to excellence in all we do, Sasol is an international integrated energy and chemical company that leverages the talent and expertise of our more than 35 000 people working in 37 countries. We develop and commercialise technologies, and build and operate world-scale facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity.

While remaining committed to our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition.

Issued by:

Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
[email protected]

Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;
[email protected]

SOURCE Sasol Limited