• Momentum Metropolitan Holdings appoints Jeanette Marais as the new Group CEO, effective from 1 August 2023.
• Current Group CEO Hilgard Pieter Meyer (Hillie) will retire on 30 September 2023, marking the conclusion of his approximately five-year tenure.
• Jeanette Marais brings extensive experience and a strong track record in the financial services industry, having previously served as Deputy Group CEO and possessing a deep understanding of the MMH Group business, strategy, and culture.

Momentum Metropolitan Holdings Limited has made a significant announcement regarding changes in its top leadership. The company has appointed Ms Jeanette Christina Marais as the new Group Chief Executive Officer (CEO) of both Momentum Metropolitan Holdings (MMH) and Momentum Metropolitan Life (MML), effective from 1 August 2023. Simultaneously, the Group shared the retirement plans of its current Group CEO, Mr Hilgard Pieter Meyer, commonly known as Hillie, who will officially retire on 30 September 2023.

The appointment of Ms Jeanette Marais comes after a comprehensive search and selection process that spanned over a year. In compliance with the JSE Limited (JSE) Listings Requirements and JSE Debt Listings Requirements, Momentum Metropolitan Holdings has announced this change, assuring stakeholders of a smooth leadership transition.

Ms Jeanette Marais is a highly accomplished executive leader with an impressive track record and extensive experience in the financial services industry. Having started her career at Momentum in 1990, she gained valuable insights through management and executive positions at other financial institutions in South Africa until early 2018. Ms Marais rejoined Momentum Metropolitan Holdings on 1 March 2018 as the Deputy Group CEO. Her vast knowledge and understanding of the MMH Group business, strategy, and culture make her well-equipped to take on the role of Group CEO.

The Boards of Momentum Metropolitan Holdings expressed their confidence in Jeanette Marais, highlighting her integral role as a key member of the executive team during the company’s critical years of evolution. Her appointment reflects the Boards’ belief that she will lead the Group with distinction.

Expressing their appreciation, the Boards also acknowledged the valuable contributions of Mr Hilgard Pieter Meyer, who has diligently served as the Group CEO for nearly five years. Hillie’s leadership and guidance have played a pivotal role in redirecting the Group and positioning it for future success.

Following a brief handover period, Mr Meyer will officially retire on 30 September 2023, marking the conclusion of the agreement between him and the Group. This agreement stipulated that he would fulfill the role of Group CEO for a period of approximately five years.

The appointment of Jeanette Marais as the new Group CEO marks an exciting milestone for Momentum Metropolitan Holdings. With her extensive experience and proven leadership, she is expected to provide strong direction and drive the Group’s growth and strategic objectives.

Investors and stakeholders have responded positively to this news, expressing confidence in Jeanette Marais’s ability to lead the Group and navigate the complex landscape of the financial services industry.