The Sanlam Group has announced the following key executive changes:
• The Chief Executive Officer (CEO) of Sanlam Personal Finance (SPF), Mr Hubert Brody, will step down on 31 May 2017 to attend more closely to his other interests.
• Mr Jurie Strydom, currently the joint Deputy CEO of SPF, has been appointed the CEO of SPF. The process of transition will begin immediately and Mr Strydom will take over on 01 June 2017.
• With effect from 01 April 2017, Mr Temba Mvusi, the Chief Executive (CE) of Group Market Development, has been appointed as acting CEO of the Sanlam Corporate cluster which was established at the beginning of 2016.
Mr Brody, who originally joined Sanlam as CE for Group Strategy and Projects, was appointed as CEO of SPF in June 2015 and has overseen the successful restructuring of the SPF business to significantly enhance its client focus and operating structures.
Mr Strydom obtained his Master of Business Administration degree from the Massachusetts Institute of Technology (MIT) and is a qualified actuary. A Sanlam bursary holder, he started his career at Sanlam as an actuarial student. Prior to re-joining Sanlam in January 2016, Mr Strydom was CEO of Regent Insurance and an Executive Director of Imperial Holdings. Most recently, he was responsible for Distribution, Glacier and Sanlam Sky within the SPF cluster.
Mr Hennie de Villiers will continue in his role as Deputy CEO of SPF and with his responsibilities, including Sanlam Individual Life, Savings, the Closed Book business, Shared Services and the Actuarial unit of SPF.
Mr Mvusi, an Executive at both Sanlam and Santam, will hold the position of acting CEO of the Sanlam Corporate cluster until a permanent appointment is made. Among other qualifications, Mr Mvusi holds a Diploma in International Relations from the University of New Delhi, an Executive Leadership Programme from the Wharton School of Business. Mr Mvusi will retain his current responsibilities at Sanlam and Santam.
Making the announcements, Sanlam Group CEO, Mr Ian Kirk, acknowledged Mr Brody’s contribution to Sanlam. “Hubert has added very significant value in his time at Sanlam, not only as CEO of SPF but also in his initial role as CE of Group Strategy and Projects. He led the restructure of the SPF business and has laid a solid platform from which SPF will continue to thrive in future. We are immensely grateful for his wisdom, vision and values-based leadership, which he brought to Sanlam. We wish him well and respect his decision to focus on his various other interests.”
On the appointments of Mr Strydom and Mr Mvusi, Mr Kirk said: “I wish to congratulate Jurie on his appointment and I am pleased to welcome him to the Group Exco. We look forward to his role in taking the SPF cluster forward. Temba knows the corporate space very well given his Market Development and prior Sanlam Investments roles. I am confident that he will play a pivotal role in taking the corporate cluster strategy forward and driving the Health and Sanlam Employee Benefits businesses.”