CANCELLATION OF S434884 Changes to Group structure and Executive Committee
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
A2X share code: SLM
NSX share code: SLA
(“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
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
• 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:
Abigail Mukhuba (from 1 October 2020)
Mlondolozi Mahlangeni (from 14 September 2020)
• 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.
20 August 2020
The Standard Bank of South Africa Limited
Date: 20-08-2020 12:26:59
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