Sasol Announces Appointment of Walt Bruns as New CFO

Sasol, a global powerhouse in the chemicals and energy sector, has recently made a significant executive change by appointing Walt Bruns as the new Chief Financial Officer (CFO), effective from September 1. Bruns, succeeding the outgoing CFO Hanré Rossouw, is set to take the helm of Sasol's financial department during a critical time as the company navigates through strategic transformations and aims to bolster sustainable value creation.

Walt Bruns is no stranger to Sasol's operations, having served within the company for 15 years. During this time, Bruns has built an illustrious career, holding key senior management positions, including a stint of over three years as CFO of Sasol’s international chemicals division. His comprehensive knowledge of Sasol's business is expected to be instrumental in his upcoming role. Prior to joining Sasol, Bruns gained significant experience with Deloitte, working within their South African and US practices.

His academic credentials are equally impressive. Bruns is a certified chartered accountant in South Africa, a testament to his expert knowledge in finance. He nurtured his foundational education at Stellenbosch University, where he earned a Bachelor of Commerce (BComm) degree, complemented by postgraduate study at the University of Cape Town.

In a statement, Sasol's audit committee chairperson Trix Kennealy voiced confidence in Bruns' capabilities. Kennealy applauded the substantial contributions of Hanré Rossouw, particularly during recent turbulent times for the company. Rossouw's leadership has been invaluable, especially as Sasol prepares to announce its financial results for the year ended June 30.

Looking ahead, Bruns' immediate focus as CFO will involve spearheading initiatives that are aligned with Sasol's near-term and future objectives. With the financial year drawing to a close and Sasol cautioning shareholders to brace for a projected net loss of R55.8 billion, largely due to extensive impairments, Bruns’ expertise in financial strategy and his intimate knowledge of Sasol's various global operations will undoubtedly be critical in steering the company towards a more prosperous future.

Sasol's commitment to strategic evolution within both the chemicals and energy segments is echoed by the choice of a CFO who embodies the depth of understanding and global experience required for such an ambitious endeavor. With Bruns officially on board, Sasol reinforces its dedication to a financially robust and strategically sound future.