SacOil has appointed Mr Damain Matroos as the Chief Financial Officer 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.

Tags: SacOil Holdings