Board changes at Credit Guarantee

Credit Guarantee has announced that with effect from 1st August 2013, the following changes have taken place:-

Mike Truter has reached mandatory retirement after 27 years of distinguished service;

Charles Nortje has taken up his position as new Managing Director of Credit Guarantee;

Peter Todd, previous Managing Director of Mutual and Federal has resigned from M&F and consequently, resigned as Chairman of Credit Guarantee;

Raimund Snyders, new CEO of Mutual and Federal, has been appointed Chairman of Credit Guarantee’s board of directors;

Edward Paul, who is Executive: Risk and Actuarial at Mutual and Federal, has been appointed as a non-executive director to Credit Guarantee’s board.