Sasol 'urged to ditch Cornell'

01 September 2019 - 00:24 By Agency Staff

Sasol has been asked by some of SA's biggest fund managers to consider executive changes including ousting Stephen Cornell, one of its two CEOs, over cost overruns at its flagship Lake Charles project, according to people familiar with the matter.

The money managers began meeting with Sasol's board and leadership after it raised the estimated cost of the plant in Louisiana, US, by $1bn (R15bn) in May, having increased it only three months earlier...

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