Sanlam announces Board and Executive changes

The Sanlam Limited Board made several announcements regarding changes in the Board of Directors and executive management of the Group this morning.

1. Mr Arun Duggal has retired from the Boards of Sanlam Limited and Sanlam Life Insurance Limited with effect from 03 June 2015.

2. In September 2014 the Board announced that Group Chief Executive Dr Johan van Zyl will retire in 2015. It has now been agreed that he will step down on 30 June 2015. He will also retire from the boards of Sanlam Limited and Sanlam Life Insurance Limited. Dr van Zyl will remain employed by Sanlam until 31 December 2015, focussing on specific projects.

3. Mr Ian Kirk, the current Deputy Group Chief Executive, has been appointed as Group Chief Executive and Executive Director of Sanlam Limited and Sanlam Life Insurance Limited with effect from 1 July 2015.

4. Mr Hubert Brody, the current Chief Executive for Group Strategy and Projects who joined the Sanlam Group on 1 January 2015, has been appointed as Chief Executive: Sanlam Personal Finance with effect from 1 July 2015.

5. Mr André Zeeman, the current Chief Actuary and Group Risk Officer, has opted for early retirement with effect from 30 June 2015. While Mr Zeeman will step down, he will remain employed until 31 December 2015, working on special regulatory projects.

6. Mr Anton Gildenhuys, the current Chief Executive: Sanlam Personal Finance Actuarial, has been appointed to the Group Executive Committee as Chief Actuary and Group Risk Officer with effect from 01 July 2015, reporting to the Group Chief Executive.

Commenting on the Board and Executive Management changes, Mr Desmond Smith, Chairman of the Board of Directors of Sanlam Limited and Sanlam Life Insurance Limited, said: “It has been a real pleasure to have had Arun serve on our Board. My fellow Board members and I appreciate the diligence with which he has served our Group.

“I would like to thank Johan for his unwavering commitment to transform the Sanlam Group from primarily a South African life insurer to a multinational diversified financial services Group since his appointment as Group Chief Executive in 2003. Sanlam is now on a sustainable growth path and has a bright future. Our succession planning has been made known well in advance to ensure a smooth leadership transition.

“The Board congratulates Ian and looks forward to the role he will play as Group Chief Executive in the years ahead. I would further like to congratulate Hubert and Anton on their respective appointments and thank André for the immense contribution he has made as Chief Actuary and Group Risk Officer over the years.”