Search Featured Websites:
Feature your business, services, products, events & news. Submit Website.


Breaking Top Featured Content:

Sasol investors suggest co-CEO Cornell leave after Lake Charles costs surge

Sasol has been asked by some of the country’s biggest fund managers to consider executive changes including ousting Stephen Cornell, one of two CEOs, over cost overruns at a flagship 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 Lake Charles plant in Louisiana by $1-billion on May 22, having increased it only three months earlier. Representatives of investors including Allan Gray and Coronation Fund Managers said they wanted management to take responsibility for the escalation in costs at the $13-billion chemicals project, the people said, asking not to be identified.

Continue reading at EngineeringNews.co.za: Cick Here.

Press Release Distribution Service
Feature your business, services, products, events & news. Submit Website.