M & F names four new directors

29 September 2006 Carol Dundas

LEADING short-term insurer Mutual & Federal today (Friday, 29 September) announced the appointment of four new directors to its board, giving further impetus to the insurers on-going programme of transformation at all levels of the business.

Mutual & Federal Managing Director Bruce Campbell commented: These appointments add further strength to our boardroom team while bringing great knowledge and fresh insights at a strategic level. Following these appointments, black directors will comprise in excess of 50% of the total board, re-emphising the commitment of the company to empowerment.

Chairman J B Magwaza stated: I welcome all our new directors to Mutual & Federal and look forward to working with them at an exciting and challenging period for the South African short-term insurance industry.

The new directors are:

Chris Ball, a director of companies, former Group CEO of Barclays National Bank and FNB and a former president of the Institute of Bankers;

Tom Boardman, Chief Executive of Nedbank Group and Nedbank Limited, a director of the Banking Association of South Africa and former Chief Executive of BOE;

Almorie Maule, a director of companies, consultant and former CEO and Managing Director of Engen;

Phuti Tsukudu, Managing Director of Tsukudu Associates, a consultant on organizational growth and development, Chairperson of the SA Post Office Board and Chairman of GEM Investments.


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