Jeanette Marais will be the new group CEO of Momentum Metropolitan from 1 August 2023.<\/p>\n
Marais joined the group in 2018 as Deputy Group CEO, overseeing Momentum Investments, Momentum Distribution Services, Consult by Momentum and Momentum Mone.<\/p>\n
Under head leadership, the normalised headline earning of Momentum Investments increased from R271 in the 2018 financial year (FY2018) to R940 million in FY2022.<\/p>\n
Additionally, over the last five years, the value of new business increased from R80 million to R346 million.<\/p>\n
She has an Executive MBA from the International Institute for Management Development (IMD) in Switzerland and has decades-long experience in the South African financial services industry.<\/p>\n
She will replace Hillie Meyer, who was appointed in 2018 for a fixed term of five years. Meyer will retire on 30 September following a brief handover period.<\/p>\n
\u201cAfter undergoing a rigorous, robust and thorough selection process, Jeanette emerged as the best candidate,\u201d Paul Baloyi, Chairperson of Momentum Metropolitan, said.<\/p>\n
\u201cI am pleased that this appointment represents a significant breakthrough in diversity, and I am proud that we found the best person for the job inside our company. This ensures leadership continuity and a continued focus on strategy execution.\u201d<\/p>\n
\u201cShe truly understands the current industry environment, the unique set of demands on the business and what is required for the business to succeed. It is a challenging operating environment, and Jeanette\u2019s passion, energy and focus on doing what is best for the group set her up well to continue the company\u2019s growth trajectory.\u201d<\/p>\n
Marias said it is a privilege to take the helm of the company.<\/p>\n
\u201cThis is full circle for me; Momentum provided the very first growth and leadership opportunities in my career. I am honoured that I get the chance to give back and lead this company that is so close to my heart.\u201d<\/p>\n
\u201cI am excited to further work with the leadership team to harness the company\u2019s strong brands and talented people and execute our growth plans successfully.\u201d<\/p>\n