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Changes To The Group Boards And Board Committees
MOMENTUM METROPOLITAN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
JSE share code: MTM
A2X share code: MTM
NSX share code: MMT
ISIN code: ZAE000269890
(MMH)
MOMENTUM METROPOLITAN LIFE LIMITED
Incorporated in the Republic of South Africa
Registration number: 1904/002186/06
LEI Number: 378900E0A78B7549C212
Company code: MMIG
(MML)
(Momentum Metropolitan or the Group)
CHANGES TO THE GROUP BOARDS AND BOARD COMMITTEES
In compliance with paragraph 3.59 of the JSE Limited (JSE) Listings Requirements and
paragrph 6.39 of the JSE Debt Listings Requirements, the Group would like to inform
shareholders and noteholders of the following changes to the Group Boards and Board
Committees:
Appointment of Dr Ann Frances Leautier (Frannie)
The Group is pleased to announce the appointment of Dr Frannie Leautier as an
independent non-executive director of both MMH and MML, with effect from 1 June
2023. Dr Leautier is also appointed as a member of the Group’s Investments as well
as Risk, Capital and Compliance committees, with effect from 1 June 2023.
Dr Leautier is a Tanzanian national, residing in the USA. She is a seasoned finance
and development expert with long-standing global experience leading and transforming
organisations in the private, public and not-for-profit spheres. She is currently
Senior Partner at SouthBridge Group and chief executive officer (CEO) of SouthBridge
Investments. In addition to her global experience in finance, she brings deep
knowledge and experience working in Africa and in board governance matters.
Dr Leautier holds a BSc in Civil Engineering from the University of Dar es Salaam,
an MSc in Transportation and a PhD in Engineering from the Massachusetts Institute
of Technology, as well as a doctorate in Law from Lancaster University. She received
an honorary doctorate in Humane Letters from North Central College, in recognition
of her contribution to Africa’s development.
Appointment of Mr Phillip Matlakala
The Group is pleased to announce the appointment of Mr Phillip Matlakala as an
independent non-executive director of both MMH and MML, with effect from 1 June
2023. Mr Matlakala is also appointed as a member of the Group’s Fair Practices as
well as Social, Ethics and Transformation committees, with effect from 1 June 2023.
Mr Matlakala is a highly experienced businessman and independent non-executive
director, having spent over 30 years in the insurance industry, both in South Africa
and in the rest of Africa regions. He spent many years in Momentum Metropolitan,
serving in various roles, including as CEO of Metropolitan Retail prior to his
retirement in 2014.
Mr Matlakala has a B Juris and B Proc, and also completed a Programme in Taxation
and Financial Planning from UNISA.
Appointment of Mr Devrajh Tyrone Soondarjee (Tyrone)
The Group is pleased to announce the appointment of Mr Tyrone Soondarjee as an
independent non-executive director of both MMH and MML, with effect from 1 June
2023. Mr Soondarjee is also appointed as a member of the Group’ Audit as well as
Social, Ethics and Transformation committees, with effect from 1 June 2023.
Mr Soondarjee is a seasoned and commercially orientated Chartered Accountant with
over 35 years’ experience in the Corporate Sector. He has held a wide range of senior
executive roles in the Financial Services, Telecoms and Professional Services
industries. His previous roles include Chairman of Grindrod Bank Limited and CFO of
Cell C Limited. He was also Group Financial Director of the Sasfin Banking Group for
a period of 10 years and Director of Finance at Deloitte, for a period of 10 years
as well.
Mr Soondarjee has a Bachelor of Accounting Science, Honours in Bachelor of Accounting
Science and Postgraduate diploma in Auditing from UNISA.
The appointments were made to ensure that the appropriate skills set of the Boards
and Board Committees is maintained. These appointments were made in accordance with
the Group Nomination and Evaluation of Directors Policy, and have been appproved by
the Prudential Authority.
The Boards and the Group’s executive management welcome Dr Leautier, Mr Matlakala
and Mr Soondarje, and look forward to their valued contribution to the Group.
1 June 2023
Equity Sponsor
Merrill Lynch South Africa (Pty) Limited t/a BofA Securities
Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Sponsor in Namibia
Simonis Storm Securities (Pty) Limited
Date: 01-06-2023 07:30:00
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