Jurie Strydom has been appointed CEO of Sanlam Personal Finance (SPF), the largest of the group’s business units, following Hubert Brody’s resignation, Sanlam said on Tuesday. Brody, who was appointed CEO of SPF in June 2015, was stepping down at the end of May "to attend more closely to his other interests", Sanlam said. Strydom, currently the joint deputy CEO of SPF, would take over from June 1. SPF constitutes almost half of Sanlam’s group earnings, making it the single-largest of the group’s businesses. For the year to December 2016, SPF grew profit 7% to R4bn. Brody had successfully restructured SPF and laid a solid platform for future growth, said Sanlam CEO Ian Kirk. "We wish him well and respect his decision to focus on his various other interests."
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