The board of directors of Coronation Fund Managers Limited announced that the retirement of Mr. John Snalam as Chief Financial Officer and Financial Director of the Company, effective 12 June 2019. In turn, the Board announced the appointment of Ms. Mary-Anne Musekiwa 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 announced the appointment of Ms. Madichaba Nhlumayo 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.