Johannesburg – Sasol yesterday named Hanre Rossouw, the chief financial officer (CFO) of Royal Bafokeng Platinum (RBPlat), as its CFO desginate following the resignation of Paul Victor, who has served the company for 20 years.
The company said yesterday that Victor would step down at the end of June next year.
Victor had agreed to remain with Sasol until the publication of the group’s financial results for the year to the end of June 2022, allowing for a six-month structured handover.
Sasol said Rossouw had been RBPlat’s CFO since October 2018, where he was responsible for the restructuring of the balance sheet through the refinancing of debt and a rights issue, the introduction of a new capital allocation framework and a new dividend policy.
The company’s chairperson Sipho Nkosi said Rossouw’s experience would take the company forward.
“The board is pleased to have appointed Hanré as Sasol’s next CFO and is looking forward to welcoming him as a member of the board. His background and experience will benefit Sasol in meeting our business opportunities and challenges,” Nkosi said.
Rossouw is a former portfolio manager at Investec Asset Management and was previously the CFO of Xtrata Alloys. He is scheduled to succeed Victor as CFO and executive director on July 1 next year.
RBPlat said Rossouw would leave the company in April next year, and the board had commenced a formal process to identify a successor.
RBPlat’s chief executive, Steve Phiri, said Rossouw had made a valuable contribution since joining the company in 2018.
