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Sasol CEOs Bongani Nqwababa and Stephen Cornell resigned

Christian Fernsby | Sandton, South Africa | October 28, 2019
SasolSasol, an energy company, said joint CEOs Bongani Nqwababa and Stephen Cornell have resigned.
Bongani Nqwababa was previously Group Chief Financial Officer, having been appointed to the Group Executive Committee on 1 March 2015.

Before joining Sasol, Mr. Nqwababa was Finance Director at Anglo American Platinum Limited.

Mr. Nqwababa is also a previous Finance Director of Eskom Holdings and Chief Financial Officer of Shell Southern Africa, and served as a Non-executive Director of Old Mutual plc and as Chairman of the South African Revenue Service‘ Audit Committee.

In previous roles, he has worked in many countries across the world including the Netherlands and the United Kingdom.

From December 2013 to September 2014, he served as an independent Non-executive Director of Sasol.

Stephen Cornell joined Sasol as Executive Vice President, International Operations on 1 February 2014, and was responsible for all Sasol’s operational activities outside Africa.

Prior to that, Mr. Cornell held senior positions at BP North America.

He was Chief Operating Officer for US Fuels, responsible for production, sales, marketing and logistics of BP fuel products in the US.

Mr. Cornell was also BP’s Global Head of major downstream projects, providing oversight to all large capital projects in the petrochemicals and fuels businesses.

He was also responsible for the development of BP’s fuels business in China.

Before these positions Mr. Cornell was Regional Vice President for Refining, responsible for BP’s refining business in the United States.