| Wed 9 Jun 2010, 16:05 | | SLM - Sanlam Limited - Changes in directorship and committee membership |
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SLM
SLM
SLM - Sanlam Limited - Changes in directorship and committee membership
Sanlam Limited
(Incorporated in the Republic of South Africa)
(Registration number 1959/001562/06)
JSE share code: SLM
NSX share code: SLA
ISIN number: ZAE000070660
("Sanlam" or "the company" or "the Group")
Changes in directorship and committee membership
Notification is hereby given in accordance with the JSE Limited Listings
Requirements of the following changes in the directorship and committee
membership of Sanlam:
Roy Andersen, the chairman of the Sanlam Limited and Sanlam Life Boards,
indicated in December 2009 that he wanted to step down as chairman and as a
director of those companies at the conclusion of the Sanlam Board meeting of 9
June 2010, after completing two three-year terms as a director. He has served as
independent non-executive chairman since June 2004.
Desmond Smith became the new chairman of the Sanlam Limited and Sanlam Life
Boards on 9 June 2010 after he was unanimously appointed as chairman-elect by
the Sanlam Board in December 2009 to succeed Mr Andersen. He is an independent
non-executive director of Sanlam and the former chairman of Santam Limited.
Patrice Motsepe, deputy chairman of the Sanlam Board and also the leader of
Sanlam`s anchor black economic empowerment shareholder, commented: "On behalf of
the Sanlam Board, I would like to express our deep appreciation and gratitude to
Roy for the exemplary and outstanding manner in which he has served the company
and all its stakeholders as Chairman of the Sanlam Board over the period during
which the Group posted significant results and achievements. We wish him all of
the very best for his future plans."
"We are also indeed fortunate to appoint a new chairman of Desmond`s calibre.
Desmond has substantial skills and vast experience in the financial services
industry. We are looking forward to his leadership of our Board", Mr Motsepe
concluded.
Because of the change in directorship, the Sanlam Board committees have been
reconstituted as follows:
Audit, Actuarial & Finance Com: Sanlam & Sanlam Life
Mr. AS du Plessis (Chairman)
Adv. FA du Plessis
Mr. I Plenderleith
Mr. GE Rudman
Risk & Compliance Committee: Sanlam & Sanlam Life
Mr. AS du Plessis (Chairman)
Adv. FA du Plessis
Mr. I Plenderleith
Mr. GE Rudman
Nominations Committee: Sanlam
Mr. DK Smith (Chairman)
Dr. MMM Bakane-Tuoane
Mr. PT Motsepe
HR Committee: Sanlam & Sanlam Life
Mr. AD Botha (Chairman)
Dr. MMM Bakane-Tuoane
Mr. PT Motsepe
Mr. DK Smith
Sustainability Committee: Sanlam
Mr. MV Moosa (Chairman)
Dr. RV Simelane
Mr. ZB Swanepoel
Mr. PL Zim
Policyholders` Interest Committee: Sanlam & Sanlam Life
Adv. FA du Plessis (Chairperson)
Dr. MM Bakane-Tuoane
Mr. DK Smith
Committee of Non-Executive Directors: Sanlam & Sanlam Life
Mr. DK Smith (Chairman)
Mr. PT Motsepe
Dr. MMM Bakane-Tuoane
Mr. AD Botha
Mr. AS Du Plessis
Adv. FA Du Plessis
Mr. MV Moosa
Mr. SA Nkosi
Mr. I Plenderleith
Mr. GE Rudman
Dr. RV Simelane
Mr. ZB Swanepoel
Mr. PL Zim
Curriculum vitae of Desmond Kent Smith
Desmond Smith was born in Port Elizabeth, South Africa on 21 June 1947. After
matriculating from Indwe High School, he obtained his B.Sc degree (cum laude) at
the University of Stellenbosch. In 1973 he qualified as a Fellow of the
Institute of Actuaries (London) and completed the International Senior
Management Programme (ISMP) at Harvard Business School in 1992.
He joined Sanlam in 1968, where he became Managing Director in 1993. He retired
from Sanlam at the end of 1997 and served as Managing Director of the
Reinsurance Group of America (South Africa) (RGA) from 1999 until 2005. He is
currently Chairman of RGA and Sanlam and holds several company directorships.
He serves on a number of the committees of the Actuarial Society of SA and the
International Actuarial Association and is currently the only nominee to become
President of the Association in January 2012. He serves on the Financial
Services Board`s Advisory Committee on Long-Term Insurance and the Council of
the Ombudsman for Long-term Insurance.
He served as Chairman of the Life Offices Association of South Africa (LOA) in
1996, 2004 and 2008 and is a Past President of the Pensions Institute of
Southern Africa and of the Actuarial Society of South Africa.
He is married and has a daughter and a son.
Bellville
9 June 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 09/06/2010 16:05:56 Produced by the JSE SENS Department.
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