SANLAM LIMITED
(Registration number 1959/001562/06)
CHANGE IN DIRECTORSHIP AND NEW EXECUTIVE APPOINTMENT
The Sanlam Board of Directors today (5 December 2001) accepted the request
of Mr HSC Bester, chief executive of Sanlam Life, to leave the services of
the Group. He is also retiring as an executive director on Sanlam's Board
with immediate effect.
Mr PC le Roux, former chief executive of Innofin, a joint venture between
Sanlam and Macquarie Bank of Australia, has been appointed to succeed Mr
Bester as chief executive of Sanlam Life with immediate effect. He was an
alternate director on Sanlam's Board and has now been appointed as an
executive director on the Board, also with immediate effect.
Negotiations between Sanlam and Macquarie Bank are under way to appoint a
successor to Mr le Roux at Innofin.
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