Sanlam appoints deputy group CEO - CNBC Africa

Sanlam appoints deputy group CEO

Southern Africa

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Sanlam is a financial services group. PHOTO: NFS Financial

Kirk, who is currently the CEO of Santam, of which Sanlam has a 60 per cent shareholding, will be responsible for group operations and will report to the group CEO, Johan van Zyl.

“We believe Ian has the requisite leadership qualities and the vision to support the group’s continued growth and transformation,” said van Zyl.

(READ MORE: Sanlam’s strategy leads to 44% earnings growth)

“We are confident that he is suitable for this new position and to take Sanlam’s business forward.”

According to [DATA SLM:Sanlam], the position of deputy group CEO is part of its succession planning strategy and implementation of a smooth leadership transition.

The financial services group added that the Sanlam board intends to appoint Kirk as group CEO when Van Zyl retires at the end of 2015 and that the process to appoint a new CEO for Santam would commence shortly.

“As we progress we need to continue strengthening the business and our leadership structure to sustain our growth and the value for shareholders,” van Zyl said.