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Santam appoints new CEO

Lizé Lambrechts will remain in the role until June 30, 2022.
Image: Moneyweb

Santam has announced the appointment of its new CEO, Tavaziva Madzinga, effective July 1, 2022. He will be appointed executive director with effect from April 1, 2022.

Madzinga succeeds Lizé Lambrechts who will remain in the role until June 30, 2022, to facilitate a smooth transition.

Santam CEO Tavaziva Madzinga. Image: Supplied

He joins Santam from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange, where he was group managing director. His appointment was approved by the Santam Board as well as the Prudential Authority in South Africa.

“Tava is a qualified actuary who has worked in the insurance and broader financial services sector spanning life, non-life, asset management and banking for the last 20 years. He has worked primarily in South Africa and Sub-Sahara Africa, in both technical and business leadership roles at country and regional level. After more than 16 years at Old Mutual, he joined Swiss Re for four years, initially as Chief Executive for the Middle East and Africa and later Chief Executive for the UK and Ireland, based in London,” Santam states.

Santam board chair Pinky Moholi says: “Tava comes with excellent insurance experience and business credentials. He will be joining a strong executive team and we are looking forward to his contribution”.

Santam’s shares have dipped since the announcement on Wednesday, and were down 1.14% to R254 at 14:45.

Santam intra day share performance vs JSE Alsi

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