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SANLAM LIMITED - Changes to Group structure and Executive Committee

Release Date: 20/08/2020 10:00
Code(s): SLM     PDF:  
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Changes to Group structure and Executive Committee

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
A2X share code: SLM
NSX share code: SLA
ISIN: ZAE000070660
(“Sanlam” or “the Group”)

Changes to Group structure and Executive Committee

The Sanlam Board and Group Executive Committee recently completed a review of the
Group’s strategy, which included a special focus on clients as well as the digital
transformation of the business to improve the client and intermediary experience.

In support of the updated strategy and to facilitate enhanced focus on specific important
client segments and strong collaboration between different parts of the business in
serving Sanlam’s clients, the current Sanlam Personal Finance (SPF) business cluster
will be split into two clusters with effect from 1 September 2020: SA Retail Mass, that
will consist of Sanlam Sky, Safrican and African Rainbow Life, and SA Retail Affluent.
These two clusters, together with Sanlam Corporate, will form part of a new Life and
Savings cluster.

The following appointments have been made to support the reviewed strategy and new
cluster structure (all appointments are effective 1 September 2020, unless otherwise

•   Mr Jurie Strydom, currently the Chief Executive Officer (CEO) of Sanlam Personal
    Finance, has been appointed CEO of the newly established Life and Savings
    cluster. He will be responsible for ensuring close co-operation between the retail and
    corporate businesses in order to improve the offering to our clients.
•   Ms Kanyisa Mkhize has been appointed CEO of Sanlam Corporate. Ms Mkhize joins
    Sanlam from Old Mutual where she headed up customer propositions. She is an
    Actuary with deep industry experience.
•   Mr Bongani Madikiza, currently the CEO of African Rainbow Life, has been
    appointed CEO of SA Retail Mass.
•   Mr Anton Gildenhuys, currently the Chief Risk Officer and Chief Actuary, has been
    appointed CEO of SA Retail Affluent with effect from 14 September 2020.
•   Mr Mlondolozi Mahlangeni has been appointed Chief Risk Officer and Chief Actuary
    with effect from 14 September 2020. Mr Mahlangeni was previously the Treasurer at
    FirstRand Group and is an Actuary with extensive experience in the financial
    services industry.
•   Mr Karl Socikwa, currently the CEO of Sanlam Sky, has been appointed Group
    Executive: Market Development to replace Mr Temba Mvusi who retires at the end
    of the year.
•   Mr Wikus Olivier, currently the acting Chief Financial Officer, has been appointed
    Group Executive: Strategy from 1 October 2020 when Ms Abigail Mukhuba joins
    Sanlam as the new Group Financial Director.

Ms Lizé Lambrechts (CEO: Santam), Mr Robert Roux (CEO: Sanlam Investment
Group), Mr Heinie Werth (CEO: Sanlam Emerging Markets), Mr Sydney Mbhele (Group
Executive: Brand) and Ms Jeanett Modise (Group HR Director) remain in their current

The full Sanlam Group Executive Committee is as follows:

Paul Hanratty
Abigail Mukhuba (from 1 October 2020)
Anton Gildenhuys
Lize Lambrechts
Bongani Madikiza
Mlondolozi Mahlangeni (from 14 September 2020)
Sydney Mbhele
Jeanett Modise
Kanyisa Mkhize
Wikus Olivier
Robert Roux
Karl Socikwa
Jurie Strydom
Heinie Werth


•   Mr Temba Mvusi, currently an executive director, will retire in December 2020. He
    will assist with the handover of the Market Development role to Mr Socikwa until his
•   Mr Junior Ngulube will retire in January 2021.

Cape Town
20 August 2020

The Standard Bank of South Africa Limited


Date: 20-08-2020 10:00:00
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