SacOil Announce Changes to Board

SacOil Announce Changes to Board

SacOil, the African independent upstream Oil & Gas Company, is pleased to announce the appointment of Mr Damain Matroos as the Chief Financial Officer of SacOil with effect from 1 February 2015. Mrs Tariro Mudzimuirema, currently Acting Finance Director, will step down from her position on the same date. Tariro will return to the position of Financial Manager on the same date.

Damain holds a BCom (Accounting) degree and Post Graduate Diploma in Accounting (PGDA) from the University of Cape Town and is a qualified Chartered Accountant. Mr Matroos has over 15 years’ experience in corporate finance both in the United Kingdom and more recently in South Africa.

He will join SacOil from Sasol, where he currently holds the position of Vice President – Corporate Finance responsible for mergers & acquisitions and specialized funding for the Sasol Group. He spent 6 years at Sasol, where he also held a position of General Manager,Group Corporate Finance. He has played a significant corporate finance role on a number of Sasol’s major capital projects, including its mining and upstream activities. He was also the overall lead for the successful restructuring of the Sasol Group’s global legal structure.

Prior to working at Sasol, he worked in the United Kingdom in various senior management roles responsible for corporate finance and strategy.

Commenting on the appointment, Dr Kgogo, Chief Executive Officer, said: “Damain’s appointment is a valuable addition to the executive team and joins SacOil at an exciting time as we build a leading Pan African Oil and Gas Company. On behalf of the board, I would like to thank Tariro for the dedication, hard work and professionalism during the interim period.”

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM

Rules for Companies:
Full Name: Mr Marius Damain Matroos
Aged: 43

Current Directorships Directorships and partnerships held in the last 5 years:
K2014047923(South Africa) Pty) Ltd None

Mr Matroos does not currently hold any shares in the capital of SacOil.

Source: SacOil

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