Insurance Outsourcing Managers Holdings Limited - Change in Board of Directors
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013121/06)
("INSURE" or "the company")
JSE Code: INS
ISIN Code: ZAE 000033221
CHANGE IN BOARD OF DIRECTORS
In compliance with paragraphs 3.67 to 3.71 of the JSE Listings Requirements the
board of INSURE wishes to advise shareholders that the board of directors of
INSURE has been re-constituted as follows:
Resignation of MR. BB Dunn as the Executive Chairperson, to be re-appointed as
Non-Executive Director
Mr. Dunn is the founder of INSURE and played a significant role in the
development and growth of the company into a recognised financial and outsource
service provider to the short-term insurance industry. He will continue as a
Non-Executive Director on the Board.
Appointment of Mr. DG Eriksson, currently a Non-Executive Director, to the
position of Non-Executive Chairperson.
Mr. Eriksson qualified as a Chartered Accountant (SA) in 1970 after serving
articles with Coopers & Lybrand (now PriceWaterhouseCoopers) and was admitted as
a partner in 1976. During his tenure Don served in many capacities within the
firm, including being a member of the Executive and Council Committees.
After leaving Coopers & Lybrand in 1990, he pursued a career in insurance and
acted as Managing Director of Commercial Union Group Services (which included
the management of the investment and property portfolios of the Commercial Union
Group). He also acted as an Executive Director of CGU Insurance Company (SA)
Limited, Commercial Union Life Assurance Limited and Sentrasure Ltd.
Don is currently the Chairperson of General Accident Insurance Company (South
Africa) Ltd and continues to act as a business advisor to a number of companies
and businesses.
He has also served on the Council of the Institute of Directors ("IOD") for a
number of years and is presently an active member of the Executive and Corporate
Governance Committees of the IOD.
Resignation of Mr. AJ Dunn as Non-Executive, and his re-appointment as the
alternate to Mr. BB Dunn in his new Non-Executive Director capacity. Mr. AJ
Dunn will therefore not stand for re-election as outlined in the notice of the
Annual General Meeting to be held on 04 October 2002.
The remainder of the INSURE Board will comprise and remain unchanged with Miss
DM Burns as Managing Director and Mr. CJP Cilliers as Financial Director.
Corporate adviser and sponsor Sponsor
Arcay Group Limited LPC Manhattan
Date: 12/09/2002 04:50:30 PM Produced by the JSE SENS Department
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