Changes To The Board Of Directors
CORONATION FUND MANAGERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
Share code: CML
(“Coronation” or “the Company”)
CHANGES TO THE BOARD OF DIRECTORS
As previously communicated to the market and in accordance with paragraph 3.59 of the JSE
Limited Listings Requirements, the Board of Directors of the Company (“the Board”) wish to
advise shareholders of the retirement of Mr John Snalam (“John”) as Chief Financial Officer
and Financial Director of the Company, effective 12 June 2019. John has been with
Coronation since the Company’s inception in 1993 and has made an outstanding contribution
to the business. The Board acknowledges and appreciates his commitment and dedication to
the Company and wishes him well with his future endeavours.
In turn, the Board is pleased to announce the appointment of Ms Mary-Anne Musekiwa
(“Mary-Anne”) as the Chief Financial Officer and Financial Director of the Company, with
effect from 12 June 2019. Mary-Anne has been fulfilling the role of Deputy Chief Financial
Officer since December 2018.
Prior to joining the Company, Mary-Anne was Chief Financial Officer of projects at DirectAxis,
a subsidiary of the FirstRand Group, where she provided strategic and financial input to
various projects within the respective business units. Prior to that, she held roles in the fields
of finance, tax, and accounting policy governance at financial institutions.
The Board also wishes to announce the appointment of Ms Madichaba Nhlumayo
(“Madichaba”) as an Independent Non-Executive Director of the Company, with effect from
12 June 2019. Madichaba is an Executive Director at Pan-African Holdings Capital (Pty) Ltd,
prior to which she was a principal at Trinitas Private Equity Fund and transactor at RMB
Ventures. Madichaba has been serving as an Independent Non-Executive Director on the
boards of Coronation Life Assurance Company (Pty) Ltd and Coronation Management
Company (RF) (Pty) Ltd since 1 August 2015.
The Board welcomes Mary-Anne and Madichaba and look forward to their respective
contributions to the Company.
12 June 2019
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