Sanlam announces executive appointments
Heinie Werth.
Junior John Ngulube.
Kobus Moller.
The Sanlam Group has announced the following key changes at Group executive committee:
• Financial Director, Mr Kobus Möller will retire from the executive and board with effect from 30 September 2016. Möller will remain employed by Sanlam until 31 December 2016. He will continue to serve within the group in a non-executive capacity on subsidiary boards and sub-committees. Möller joined Sanlam in 1998 and was appointed as the Group’s Financial Director in 2006.
With effect from 01 October 2016:
• Mr Heinie Werth, the Chief Executive Officer of Sanlam Emerging Markets (SEM), will succeed Möller as the Group’s Financial Director and Executive Director of the Sanlam Limited board. A Chartered Accountant, Werth also holds an MBA cum laude from the University of Stellenbosch among other qualifications. He joined Sanlam in 1998 and has held various executive positions including, among others, Financial Director: Sanlam Employee Benefits; and Financial Director: Sanlam Life Insurance Limited.
• Mr Junior John Ngulube will be appointed to the position of CEO: SEM, taking over from Werth. Ngulube joined Sanlam in February 2016 as CEO: Sanlam Corporate. He holds a Master of Science in Agriculture from the Pennsylvania State University (U.S.A.) and various industry qualifications achieved from business schools in South Africa, the United States, Singapore and France.
Prior to joining Sanlam, Ngulube was the CEO of Munich Reinsurance Company of Africa (MRoA). Under his leadership, the MRoA Group, which writes both life and non-life business in 45 countries across Africa, grew profitably, more than doubling its gross written premium income to just over R6 billion in 2015.
Commenting on the Executive Management changes, Sanlam Group CEO, Mr Ian Kirk, said: “We are grateful to Kobus for his consummate professionalism and diligent service to Sanlam since 1998. He has been instrumental in our growth over the years and has made a significant contribution to the successful implementation of our strategy. We look forward to continuing our relationship with him and wish him well in his retirement.
“I wish to also congratulate Heinie and Junior on their appointments. I am confident they will continue to add value and play a key role in growing our business.”
The Group announced that it will inform the market in due course about the successor to the CEO: Sanlam Corporate.
