BusinessLive reports that Sanlam, Africa’s biggest life insurer, has appointed a former executive from its rival Old Mutual as its new CEO, replacing the retiring Ian Kirk.  

Paul Hanratty, who has been a non-executive director at Sanlam since 2017, retired as COO at its biggest rival in SA in 2016, and was also CEO of Old Mutual’s local unit during its phase as a London-listed company.  Hanratty takes over at a time when Sanlam needs to navigate a weak economy in SA, which remains its largest market, where business and consumer confidence had plunged even before the coronavirus outbreak.  “Paul has an impressive track record having managed large financial services businesses very successfully,” Sanlam said in a statement.  Sanlam also appointed Abigail Mukhuba as group financial director from October.  Elias Masilela, a former CEO of the Public Investment Corporation (PIC), was named non-executive chair.

• Read the full original of the report in the above regard by Karl Gernetzky at BusinessLive
• Read too, Sanlam appoints new CEO, to take over by July, at Moneyweb

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