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SOL
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Sasol Limited - Retirement of Trevor Munday, deputy Chief Executive
Sasol Limited
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
Share Code: SOL
NYSE Code: SSL
("Sasol" or "the Company")
Retirement of Trevor Munday,deputy Chief Executive, Sasol Limited
Sasol announced today that Trevor Munday, deputy chief executive, will
retire from executive management at the end of the Company"s current
financial year (30 June 2007). Prior to this retirement date, Mr Munday
will utilise his accumulated leave of approximately six months as from the
end of December 2006. He will step down as a director of Sasol Limited on
31 December 2006.
Pat Davies, chief executive, said: "Trevor and I have worked closely
together since assuming our responsibilities as the new leadership team in
July 2005 to, amongst other things, advance the transformation of Sasol.
The new executive directors Ms Nolitha Fakude, Dr Benny Mokaba and Ms
Christine Ramon are rapidly and successfully assuming responsibility for
their respective portfolios and so Trevor and I, with the understanding and
support of our board, have agreed to his early retirement."
Davies continued "Trevor"s tenure as financial director was highly
successful. He also provided skilled and innovative leadership to our
global chemicals, corporate affairs and investor relations portfolios over
the last five years. I would like to thank Trevor for his commitment and
the exceptional contribution he has made to Sasol"s success over the
years."
Munday said: "The last seven years at Sasol of my 36-year career have been
extremely exciting and fulfilling. I retire from the group at a time which
is challenging and gratifying in terms of both the South African and
international growth opportunities being pursued. I am pleased to have
played a role in getting our new generation of leaders on board. They,
together with our colleagues who have been with us for many years, form a
formidable team and I feel comfortable to now move on.
I would like to thank Pieter Cox, members of the Sasol Board, Pat, my
colleagues on the group executive committee, those who worked directly with
me in my respective portfolios and all the people of Sasol for their
camaraderie and support during my years with the group. Collectively, they
are an incredibly committed and talented team and it has been my privilege
and pleasure to have been associated with them. They make Sasol a great
company. Its prowess and competitive strength has been built over the years
on their skills and effort. I wish them all much success and fun in
future."
Sasol chairman, Pieter Cox, said: "On behalf of the board, I would like to
thank Trevor for his valuable contribution to the success of Sasol. We
always felt confident about the growth, efficiency and integrity of the
group"s activities under his strong leadership. We wish him well in the
years ahead."
28 August, 2006
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 28/08/2006 11:16:02 AM Produced by the JSE SENS Department
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