Appointment of director
Sanlam Limited Group
Incorporated in the Republic of South Africa
(Registration number 1959/001562/06)
"Sanlam", "Sanlam Group", or "the Company"
JSE Share code (Primary listing): SLM
A2X share code: SLM
NSX share code: SLA
Sanlam Limited and Sanlam Life Insurance Limited – Appointment of Director –
In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders
are herewith advised of the following change to the Boards of directors (“the Boards”) of
Sanlam Limited and Sanlam Life Insurance Limited.
Mr Nicolaas Kruger has been appointed as an independent non-executive director to the
Boards of Sanlam Limited and Sanlam Life Insurance Limited, effective 26 May 2020. His
appointment has been approved by the Prudential Authority in terms of the Insurance Act
No 18 of 2017.
Nicolaas is a business executive with over 28 years’ experience in the insurance-based
financial services industry in South Africa. He currently acts as a non-executive board
member, investor and mentor and has served as Group CEO of the South African insurance
group Momentum Metropolitan Holdings (previously known as MMI Holdings) for several
years up to the beginning of 2018. He obtained exposure to banking from 1998 to 2010
when Momentum was an integral part of the FirstRand banking group. He gained extensive
experience doing business internationally, including various countries in the rest of Africa,
UK and India. He has widespread experience as a member of various boards and
governance forums, with broad stakeholder management experience in business, investor
communities as well as government.
Commenting on this appointment, the Chair of the boards of directors of Sanlam and Sanlam
Life Insurance Limited, Dr Johan van Zyl said: “The Boards are pleased with the appointment
of Nicolaas and we look forward to his contribution in strengthening the board. He comprises
the requisite skills, experience and impeccable credentials that we believe will complement
and add value to Sanlam and support the Group’s growth ambitions.”
26 May 2020
The Standard Bank of South Africa Limited
Date: 26-05-2020 02:00:00
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