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Sanlam exits UK businesses to sharpen focus

Sanlam exits UK businesses to sharpen focus
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Complexity and incomprehensibility

No bad blood - they re just moving on, says Sanlam CEO about mass executive departures

Die Sanlam-kantoor in Sandton, Johannesburg Sanlam CEO Paul Hanratty says there is nothing untoward about the stepping down of more executives in the group. The CEOs of Santam, the Sanlam Investment Group and Satrix have announced plans to step down soon. But Hanratty says they just want to do something different - there is no differing of opinions. Sanlam CEO Paul Hanratty says recently announced management departures are just a function of executives wanting to do something different and not a sign of any instability or not seeing eye to eye.  Sanlam announced in its operational update on Wednesday that the CEO of the Sanlam Investment Group, Robert Roux, has signalled that he wants to retire by the end of this year. Roux has been with Sanlam for over 22 years and held several senior management roles.

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