Sasol Picks Baloyi as CEO to Lead Firm Through Emission Plan
- CEO Fleetwood Grobler to stay on as advisor through 2024
- Fuel and chemical maker has target to reduce emissions
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Sasol Ltd. picked energy operations and technology executive Simon Baloyi as the next chief executive officer of the fuel and chemical manufacturer, to help lead South Africa’s second-largest producer of greenhouse gases down a challenging path to reduce emissions.
Baloyi will take over in April, while CEO Fleetwood Grobler, who has led Sasol for four years, will remain in a executive advisory role at South Africa’s biggest company by revenue until December 2024, the company said in a statement Friday.