Sakkie van der Merwe resigns

In a statement today (5 June 2006), Andrew Bradley, Chairperson of the Financial Planning Institute of Southern Africa, announced the resignation of FPI CEO Prof Sakkie van de Merwe, effective 1 August 2006.

Sakkie has been offered the position of CEO of a company closely linked to education" says Bradley.

 I would like to take this opportunity to express my personal thanks and gratitude to Sakkie for his dedicated contribution to the FPI during the more than four years that he has spent with us. He has certainly assisted in taking the FPI to a new level during a very challenging and exciting time in our history. Sakkie will continue with all his obligations and engagements until August.

I know that FPI members and staff will join me in wishing Sakkie well in this new opportunity for him. I am sure that he will make the same success of this as he has at the FPI and in all his previous endeavors, Bradley concluded.

The resignation includes van de Merwes seat on the Board of the FPI and FPI Ventures, as well as from the position of CEO, effective 1 August 2006, giving the Board ample time to seek a replacement and ensure a smooth transition.

Statement by Andrew Bradley

Hi

I regret to inform you that our CEO, Sakkie van de Merwe has been offered a return to the corporate world. As a result of this he has decided to tender his resignation from the FPI, effective 1 August 2006

He has accepted the position of CEO of an International company, closely linked to education.

Sakkie will continue with all his obligations and engagements until the end of July.

I would like to take this opportunity to express my personal thanks and gratitude to Sakkie for his dedicated contribution to the FPI, during the more than four years that he has spent with us. He has certainly assisted in taking the FPI to a new level during a very challenging and exciting time in our history. I am sure that you will miss working with Sakkie and will personally want to express your appreciation to him directly when the occasion arises.

I know that you will join me in wishing Sakkie well in this new opportunity for him. I am sure that he will make the same success of this as he has at the FPI and in all his previous endeavors.

We have started the process to find a replacement for Sakkie. Until such time as the new CEO is in place, please continue to liaise with Sakkie or John Arneson, our General Manager. Alternatively please feel free to make contact with me.

Regards
Andrew Bradley

Chairman
Financial Planning Institute (FPI)