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Assupol bids farewell to the Group CEO Rudolf Schmidt

09 March 2017 Assupol

Rudi Schmidt, Group CEO of Assupol since 2010, and the person widely credited for leading the 100 plus-year old business through its successful demutualisation during 2010, has today announced his decision to leave Assupol.

Rudi said: “There is never a perfect time for the succession of a CEO. However, given the fact that this year is likely to again produce the Group’s best ever results (as was the case in each of the past few years), I firmly believe that now is as good a time as ever. I have always believed that a CEO should leave when the organisation is delivering top performance, from a position of strength. I take pride in the achievements that my team and I have delivered and I believe that the organisation is in a fantastic position to handle a smooth CEO succession. Assupol Life, in particular, under the leadership of Bridget Mokwena-Halala, is in strong hands and performing very well.”

Andrew Birrell, Assupol Chairman, conveyed the Board’s appreciation for Rudi’s dedication, vision and results delivered under his stewardship. “Rudi has led the company to its current position of strong performance, via a successful demutualisation. We wish him well with all of his future activities and he will always remain a friend of Assupol”. Andrew added that the Board has commenced the process to find the most suitable successor to lead Assupol through its next phase of growth and evolution, which is likely to take a few months to be finalised.

In the interim the Board has appointed, Riaan van Dyk, as the acting Group CEO. Riaan will be supported in this by Eddie Ashkar, also a non-executive director. Both Eddie and Riaan have been on the Board since 2013, as engaged non-executives, and have also chaired a number of Board committees. They will work closely with the Executive Committee to continue the strong tradition of delivery and make the transition as smooth as possible.

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