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RAND MERCHANT INSURANCE HLDGS LTD - Executive succession planning

Release Date: 15/10/2013 13:48
Code(s): RMI     PDF:  
Wrap Text
Executive succession planning

RAND MERCHANT INSURANCE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
JSE ordinary share code: RMI
ISIN: ZAE000153102
("RMI")

EXECUTIVE SUCCESSION PLANNING

Shareholders are advised that Herman Bosman will join the RMI
Board on 31 March 2014 as Chief Executive Officer Designate.

Mr Bosman will succeed Peter Cooper, who intends to retire from
his executive positions in the last quarter of 2014 after 22 years
of service with the group. After the transition period it is
envisaged that Mr Cooper will continue his involvement with the
group in a non-executive capacity.

Herman Bosman (45) holds an LLM degree (cum laude) from the
University of Johannesburg and is a Chartered Financial Analyst.
He served as Chief Executive of Deutsche Bank South Africa from
2006 to 2013. Prior to that he was in the employ of Rand Merchant
Bank for twelve years and ultimately headed up its corporate
finance practice between 2000 and 2006.


Sandton
15 October 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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