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MMI HOLDINGS LIMITED - Changes to the Boards

Release Date: 01/03/2019 12:15
Code(s): MMI MMIG02 MMIG04 MMIG05 MMIG01 MMIG06 MMIG03 MMIG07     PDF:  
 
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Changes to the Boards

MMI Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/031756/06)
JSE share code: MMI
NSX share code: MIM
(“MMI Holdings” or “the Company”)

MMI GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1904/002186/06)
Company code: MMIG
(“MMI Group”)

CHANGES TO THE BOARDS

In compliance with paragraph 3.59 of the JSE Listings Requirements, the
MMI Holdings and MMI Group Boards would like to announce the following:

Appointment of non-executive directors to the MMI Holdings Board

Appointment of Ms Lisa Chiume

The Board is pleased to inform shareholders that Ms Lisa Chiume has been
appointed as a non-executive director of MMI Holdings with effect from 1
March 2019.

Ms Chiume is a senior investment executive at Rand Merchant Investment
Holdings (“RMIH”) and RMB Holdings Limited. As portfolio manager, she is
responsible for a number of the key RMI investments. She is also co-
portfolio manager for AlphaCode (RMI’s fintech and next generation
financial services incubator), and she has primary responsibility for
RMI’s enterprise development programme to identity, partner and grow black
financial services businesses.

Prior to RMI, Ms Chiume was employed by Deutsche Bank South Africa as
Director, Country Coverage and Investment Banking.

Appointment of Dr Sharron McPherson

The Board is pleased to inform shareholders that Dr Sharron McPherson has
been appointed as an independent non-executive director of MMI Holdings
with effect from 1 March 2019.

Dr McPherson is co-founder and executive director at The Centre for
Disruptive Technologies which leverages an impressive Africa-wide and
global network of experts in disruptive technologies, to advise government
and businesses on digital transformation strategies. It is also a partner
with the University of Cape Town’s Graduate School of business on Future
Ed training and development for teachers and educational professionals.
She is also an Adjunct Senior Lecturer – Project Finance at the University
of Cape Town – Graduate School of Business (“UCT GSB”), where she
developed the course curriculum for the Masters of Commerce (Development
Finance) Program at the UCT GSB.
Dr McPherson is also a co-founder & shareholder of an investment
consortium, Women in Infrastructure Development & Energy (WINDE). The
investment focus is on growth enterprises with the capacity to leverage
exponentially growing technologies within the infrastructure and energy
sectors. With over 3,000 members and 1,000,000 primary social impact
points per annum – WINDE is one of the largest and most impactful women’s
infrastructure investment consortiums in Africa.

Appointment of Prof Linda de Beer

The Board is pleased to inform shareholders that Prof Linda de Beer has
been appointed as an independent non-executive director of MMI Holdings
with effect from 1 March 2019.

Prof de Beer is a Chartered Accountant SA, a Chartered Director SA and
holds a Master’s degree in taxation. She is an independent non-executive
director, serving on the boards and audit committees of three South
African listed companies. She also chairs the treasury company of another
listed company.

Prof de Beer provides reporting and corporate governance advice to various
corporates, does mediation on technical reporting, auditing and
governance matters, facilitates training and performs expert witness work
on accounting and audit matters, from time to time. She is an honorary
professor (professor in practice) at the University of Johannesburg and
previously held, for ten years, an adjunct professorship, on a part time
basis at the University of the Witwatersrand. She is a member of the King
Committee, the Investor Advisory Group of the Public Company Accounting
Oversight Board (PCAOB) in the United States of America and chairs the
Financial Reporting Investigations Panel of the JSE, amongst others.

Appointment of Mr Sello Moloko

The Board is pleased to inform shareholders that Mr Sello Moloko has been
appointed as an independent non-executive director of MMI Holdings with
effect from 1 March 2019.

Mr Moloko is the Executive Chairman and co-founder of Thesele Group, a
wholly Black owned diversified investment holding company. Mr Moloko has
a wealth of business experience gained over more than 27 years underpinned
by a successful career in financial services (investment management, deal-
making and employee benefits). He serves as the independent non-executive
Chairman of NYSE & JSE listed Sibanye-Stillwater Limited and is also a
non-executive director on the boards of Prudential Investment Managers,
Stor-Age REIT Limited and Telkom SA SOC Limited.

Mr Moloko has previously served on several boards of major companies
including Alexander Forbes Group Holdings Limited and General Reinsurance
Africa (both as non-executive Chairman). He is the former CEO of Old
Mutual Asset Managers and former deputy CEO of Capital Alliance Asset
Managers.

The MMI Holdings Board and executive management would like to welcome
Ms Chiume, Dr McPherson, Prof de Beer and Mr Moloko to the Boards, and
looks forward to their contribution to the future success of MMI.
Resignation of independent non-executive director

Mr Louis von Zeuner has tendered his resignation as an independent non-
executive director of MMI holdings Limited and MMI Group Limited. Mr
von Zeuner has decided to step down from the MMI Boards due to his
recent appointment to the Board of FirstRand Limited, to avoid any
potential conflict of interest. Mr von Zeuner joined the Boards in
January 2014. The Boards of MMI Holdings and MMI Group would like to
thank Mr von Zeuner for the valuable contribution he has made, and the
substantial leadership role he played.


Centurion
1 March 2019

Sponsor in South Africa:
Merrill Lynch South Africa (Pty) Limited

Sponsor in Namibia:
Simonis Storm Securities (Pty) Limited

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