CHAIRMAN’S STATEMENT Dr Sybil Seoka Chairman 3 April 2024 Changes to the Board There were several changes to the composition of the PPS Holdings Trust Board during 2023. Mr P Ranchod retired from the Board at the 8 May 2023 Annual General Meeting and Ms JK Myburgh retired by rotation. Advocate LC Haupt SC and Dr R Perumal were elected to the Board as Independent Non-executive Trustees at the Annual General Meeting. On the PPS Insurance Board, Dr JA van der Merwe’s term of office expired on 8 June 2023 at the PPS Insurance Annual General Meeting. Ms A Gounden resigned with effect from 31 August 2023. Mr CE Backeberg, Mr LM de Villiers and Mr AH de Vries were appointed to the PPS Insurance Board on 1 June, 1 January and 8 June 2023, respectively. Prof WJ Maroun was appointed to the PPS Insurance Board on 1 January 2024. I would like to take this opportunity to thank the Board members who have left PPS for the invaluable contribution they made to the Boards during their tenures. We welcome the new board members and look forward to working with them. A word of thanks In closing, I would like to extend my thanks and that of my fellow trustees to our Group CEO, Izak Smit, who, together with our Group executive team and those of our subsidiaries, continues to lead with purpose and care for our members and their communities. Not only has this team ensured that we always stay true to our values and principles, but that we respond to changing needs and circumstances in many proactive and innovative ways. To our hard-working and dedicated staff, who deliver on our ethos of mutuality every day, and have supported them, we say a BIG THANK YOU. A sincere word of thanks also goes to our members, who trust us with their financial goals and contribute in a committed way to our robust community of professionals. Finally, I would like to express my gratitude for the advice and support of my deputy, Dr Mannie Kruger, the Chairman of the PPS Insurance Company Board, Charles Erasmus, and that of all the PPS trustees, who continue to ensure that the Board is such an enduring example of cooperation, innovation and good governance, and who remain unfailingly committed to the financial security and well-being of the PPS community. I must also thank my family, whose support for me and my work I can always count on. 18 Leadership commentary
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