Sanlam CEO steps down
JOHANNESBURG, (CAJ News) – SANLAM, the financial services group, has announced the retirement of Johan van der Merwe as Chief Executive Officer of Sanlam Investments.
Robert Roux, currently Chief Operating Officer of that unit, will succeed him on November 1.
Van der Merwe will remain on the Sanlam Investments Board as a non-executive director and will also continue to serve on a number of other subsidiary boards in a non-executive capacity Sanlam Group Chief Executive Officer, Ian Kirk, confirmed the changes.
“While these changes are effective from 1 November, Johan has agreed to stay on till 31 January 2016 to ensure a seamless handover to Robert. Thereafter, the relationship with Johan will be an ongoing one as he will still serve in a non-executive capacity. He will therefore remain closely associated with the Sanlam Group.”
Van der Merwe is credited with having achieved sustained success during his tenure of close to 14 years and for the substantial value he has contributed to the Sanlam Group.
“On behalf of the Board I wish to thank Johan for his contribution since June 2002 and congratulate Robert on his new position. I look forward to his valuable contribution,” Kirk said.
Sanlam is listed on the Johannesburg and Namibian Stock Exchanges.
– CAJ News
Short URL: http://cajnewsafrica.com/?p=8908