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Sanlam announces
Sanlam Limited
(Incorporated in the Republic of South Africa)
(Registration number 1959/001562/06)
(Share code: SLM)
(ISIN No: ZAE000028262)
Sanlam Limited today announced details around the composition of its Group
Executive Committee (Exco) and Sanlam Board (Board) in line with the Group"s new
operational structures announced on Wednesday 21 May 2003. All changes will be
effective 31 May 2003.
Sanlam CEO Johan van Zyl said:
"Sanlam"s new operational structure is the first step in the ongoing process of
delivering on our strategy of customer centric wealth creation. One of the core
priorities is to ensure that the composition of the Exco and Board are aligned
with the new structures to allow them to operate as effectively as possible.
The changes to the structures bring about changes to the executive Board
membership of Sanlam."
Lize Lambrechts and Johan van der Merwe will join the Board as alternate
directors. Charl le Roux, a main Board director, and Bonang Mohale, an alternate
director, will both leave the Board and the Group to pursue other interests.
Angus Samuels will remain with the Group but will step down as an alternate
director of the Board and as an Exco member. The new CEO for Santam Limited will
be appointed as an alternate director of the Board and as a member of Exco. The
Board will also fill the vacancy created by the recent retirement of Thulani
Gcabashe.
The Exco will focus on driving strategic issues, with a new Group Management
Committee responsible for operational issues.
Kobus Moller will join the Exco as CE: Finance. Chris Swanepoel will step down
as an alternate director, but remain on Exco as statutory actuary. Vic van
Vuuren and Yvonne Themba will step down as members of Exco, but will remain at
the Group as Head: Group HR and Head: Group Corporate Affairs respectively.
Van Zyl thanked all outgoing Board and Exco members for their support and
contribution to the Group over the past years. He also congratulated the new
appointees and wished them well with their new responsibilities.
He said that the detailed evaluation of the Board would continue to further
strengthen the team, with more changes likely to be made in the next few months.
New Board and Exco
After implementing the changes, in line with current corporate governance
guidelines, the Board will continue to consist of a majority of independent non-
executive directors.
Independent Non-Executive Directors
Ton Vosloo (Board Chairman and Chairman: Human Resources Committee)
Boetie van Zyl (Lead Director)
Johan Alberts (Chairman: Audit & Risk Committee)
Dave Brink (Chairman: Nomination and BEE Committees)
Vusi Khanyile
Carmen Maynard
Dawn Mokhobo
Andre Perold (USA Citizen)
Peter Swartz
Eugene van As
Non-Executive Directors
Attie du Plessis
George Rudman
Executive Directors
Johan van Zyl
Flip Rademeyer
Alternate Directors
Nick Christodoulou (Acting CE: Group Corporate Services)
Marius Ferreira (CEO: Gensec Bank)
Lize Lambrechts (CEO: Sanlam Life)
Johan van der Merwe (CEO: SIM)
New CEO of Santam - still to be appointed
After implementing the changes, the Group Executive Committee (Exco) will
consist of:
Johan van Zyl (CEO)
Flip Rademeyer (Financial Director)
Chris Swanepoel (Statutory Actuary)
Kobus Moller (Chief Executive: Finance)
Nick Christodoulou (Acting Chief Executive: Group Corporate Services)
Marius Ferreira (CEO: Gensec Bank)
Lize Lambrechts (CEO: Sanlam Life)
Johan van der Merwe (CEO: SIM)
New CEO of Santam - still to be appointed
- ends -
Issued by Brunswick SA 011 268 5750
Heidi Geldenhuys 083 325 8924
Di Munro 083 3265958
22 May 2003
Date: 22/05/2003 12:38:54 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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