Sacoil: New CEO

SacOil has named Thabo Kgogo as new chief executive with effect from 1 June. Roger Rees, who took over as acting chief executive on the departure of Robin Vela a year ago, has stepped down. Kgogo, 38, joins SacOil from PetroSA, where he was vice-president operations and acting chief operating officer. Kgogo was responsible for PetroSA’s integrated operations, which included offshore production wells and platforms, a gas-to-liquids refinery, and shipping and aviation services. Vela and two non-executive directors quit after shareholders voted against a proposal to convert a $17.6m loan into equity.