David Constable

David Constable has been a Director at ABB since June 2016. Prior to this, they served as the President and CEO of Sasol Ltd from May 2011 to June 2016.

Constable is credited with turning Sasol into a modern global petrochemical company. David introduced a major restructuring program that saved R8.4 billion annually in costs and significantly trimming headcount by 5,000 staff and up to 20,000 service providers. This restructuring program, coupled with a low oil price response plan conserved more than R75 billion over 42 months, allowing Sasol to weather very low commodity prices in their key markets.

In addition, Sasol shifted to being a more international chemical company under Constable's leadership. The decision to progress with an ethane fed cracker in the US was taken quickly under Constable and Sasol's cracker was in the first wave of new assets brought on stream to capitalize on cheap US ethane derived from shale gas. This provided shareholders with good long term value based on low cost feedstock.

Of particular note, under Constable's leadership, Sasol delivered the best two financial year's in the company's 65-year history, breaking all previous earnings and dividend pay-out records. Finally, the company hit its all-time high share price during Constable's term, R645.10 per share.

David Constable has an advanced management degree from The Wharton School, an international management degree from Thunderbird School of Global Management, and an engineering degree from the University of Alberta.