Johannesburg- Santam has tapped Tavaziva Madzinga as the new CEO, replacing Lizé Lambrechts.
Madzinga will take over the helm at Santam from July next year.
He was poached from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange.
“Tavaziva 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 the country and regional levels.
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,” the company said.
Lambrechts will remain in her role as CEO until 30 June 2022 to facilitate a smooth transition to the new man on the hot seat.
Chairman of the Santam Board, Pinky Moholi said: “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”.
Absa removes Sipho Pityana from key board committees
For more business news from Sunday World, click here.
Follow @SundayWorldZA on Twitter and @sundayworldza on Instagram, or like our Facebook Page, Sunday World, by clicking here for the latest breaking news in South Africa. To Subscribe to Sunday World, click here.
Sunday World