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Sanlam - Change In Directorship And New Executive Appointment

Release Date: 05/12/2001 14:59
Code(s): SLM
Wrap Text
SANLAM LIMITED
(Registration number 1959/001562/06)

CHANGE IN DIRECTORSHIP AND NEW EXECUTIVE APPOINTMENT
The Sanlam Board of Directors today (5 December 2001) accepted the request of Mr HSC Bester, chief executive of Sanlam Life, to leave the services of the Group. He is also retiring as an executive director on Sanlam's Board with immediate effect.
Mr PC le Roux, former chief executive of Innofin, a joint venture between Sanlam and Macquarie Bank of Australia, has been appointed to succeed Mr Bester as chief executive of Sanlam Life with immediate effect. He was an alternate director on Sanlam's Board and has now been appointed as an executive director on the Board, also with immediate effect.
Negotiations between Sanlam and Macquarie Bank are under way to appoint a successor to Mr le Roux at Innofin.

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