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DSY - Discovery Holdings Limited - Anton Ossip appointed as CEO of

Release Date: 18/07/2011 17:00
Code(s): DSY
Wrap Text

DSY - Discovery Holdings Limited - Anton Ossip appointed as CEO of Discovery Insure DISCOVERY HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1999/007789/06) ISIN: ZAE000022331 Share Code: DSY ("Discovery") ANTON OSSIP APPOINTED AS CEO OF DISCOVERY INSURE Discovery today announced the appointment of Anton Ossip as the new CEO of Discovery Insure. Ossip replaces Steffen Gilbert, who joined Discovery on a contract basis in September 2009 to specifically assist with the initial development and operationalisation of Discovery Insure, and has successfully guided the Discovery Insure team through the launch phase. Ossip joined Discovery in June 2011, and brings with him substantial expertise in the personal lines short-term insurance market. As such, he has played a critical role in the development of Discovery Insure post- launch. Prior to joining Discovery, Ossip occupied a diverse range of executive positions at Alexander Forbes over a period of 13 years, and also served as Chairman of both the Alexander Forbes Insurance Board, and the Guardrisk Holdings Board. "We would like to thank Steffen for his considerable contribution to the development of Discovery Insure, with the business gaining immediate traction and exceeding expectation. Going forward, Anton`s unique expertise across multiple insurance and financial services disciplines will further facilitate Discovery`s product integration strategy, and drive the evolution of Discovery Insure." said Adrian Gore, Discovery Holdings CEO. Gilbert will continue in a consulting role to Discovery Insure until 30 September 2011. Thereafter, he plans to return to Asia and given his knowledge of Discovery, plans to provide consulting services to Discovery`s international businesses. The information in Discovery`s press releases is specifically meant for journalists and consumers should not use it to make financial decisions. Detailed information about Discovery`s products is available at www.discovery.co.za Media Contacts Arcay Communications Suzan Zungu Tel: 011 480 8562 Email : zungs@arcay.co.za Duke Malan Media Relations Discovery 27 11 529 1151 dukem@discovery.co.za Sandton 18 July 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/07/2011 17:00:23 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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