FirstRand’s Lauritz Lanser Dippenaar to retire as Chairman

FirstRand’s Lauritz Lanser Dippenaar to retire as Chairman

Africa’s largest financial institution group, FirstRand said its Chairman, Lauritz Lanser Dippenaar will be retiring from the position

The company said he will retire as Chairman and non-executive director with effect from 31 March 2018‍.

In his replacement, William Rodger (Roger) Jardine will be appointed independent non- executive chairman of the board with effect from 1 April.

Mr. Lauritz Lanser Dippenaar, also known as Laurie, M.Com., CA (SA), served as the Chief Executive Officer of FirstRand Ltd. until December 31, 2005. Mr. Dippenaar served at the Industrial Development Corporation. He co-founded Rand Consolidated Investments.

He served as Managing Director of Momentum Life Assurers from 1988 to 1992. He serves as the Chairman of the Board at Outsurance Insurance Company and RMB Asset Management. He has been the Chairman of Firstrand Bank Limited and FirstRand Ltd. since November 2008 and has been its Director since July 1992. He serves as the Chairman of FirstRand Bank Holdings Limited (FirstRand EMA Holdings Limited). Prior to the creation of FirstRand in 1998, he served as the Executive Chairman of Momentum Life. He served as the Executive Chairman of RMB Holdings. He served as the Non Executive Chairman and Non-Executive Director of MMI Holdings Limited from May 25, 1999 to November 22, 2011.

He served as the Chairman and Director of Discovery Holdings Limited until December 31, 2007. He serves as Director of Momentum Asset Management (Pty) Ltd. He has been a Non-Executive Director of Rand Merchant Investment Holdings Limited since December 08, 2010. He serves as a Non Executive Director of Firstrand Bank Limited. He has been a Non Executive Director of FirstRand Ltd. since July 1, 1992.

He has been a Non Executive Director of RMB Holdings Ltd. since November 12, 1987. He serves as a Non-independent Non-Executive Director of FirstRand Bank Holdings Limited. He serves as an Executive Director of Rand Merchant Bank. Mr. Dippenaar graduated from Pretoria University, qualified as a chartered accountant with Aiken & Carter (now KPMG).

According to his profile, Mr. William Rodger Jardine, also known as Roger, BSc (Physics), MSc (Radiological Physics) has been the Chief Executive Officer and Executive Director of Primedia (Pty) Limited since February 2014. Mr. Jardine served as Chief Executive Officer of Kagiso Media Ltd. from 1999 to October 10, 2006.

He served as the Chief Executive Officer of Aveng Limited from July 7, 2008 to August 31, 2013. He served as Chief Operating Officer of Kagiso Trust Investments since November 2006. He served as the Chief Executive Officer of McConnell Dowell Corporation. He served as Executive Chairman at Aveng Grinaker-LTA Limited. He assumed the role of coordinator for the ANC’s desk of Science and Technology.

Mr. Jardine was National Coordinator of science and technology policy in the Department of Economic Planning of the African National Congress from 1992 to 1995. He served as a Director General of the Department of Arts, Culture, Science and Technology of Department of Science and Technology since 1995. He serves as the Chairman of Aveng (Africa) Proprietary Limited and OZZ (Pty) Limited. He serves as Non Executive Chairman of Primedia Unlimited. In February 2014, Mr. Jardine joined the Primedia Group. He serves as the Non-Executive Chairman of Kagiso Ventures Limited. He served as the Chairman at the E+PC Engineering & Projects Company Ltd.

He served as Non Executive Chairman of Kagiso Media Ltd. since November 1, 2006 and as its Director from June 1, 1999 to November 2008. He served as the Chairman of Nuclear Energy Corporation of South Afirca (NECSA) and CSIR from 1999 to 2005. Mr. Jardine served as Executive Chairman of Grinaker-LTA Ltd. He has been an Independent & Non-Executive Director at FirstRand Limited since July 1, 2010. He serves as an Executive Director of Kagiso Trust Investments. He has been an Independent Non-Executive Director of FirstRand Bank Limited since July 2010. He serves as a Non Executive Director at LexisNexis (Pty) Limited. He serves as a Director at Trident Steel Holdings (Pty) Limited, Bytes Technology Group SA (Pty) Limited and Natal Sharks (Pty) Limited ((also known as The Sharks Rugby).

He served as the Director of McConnell Dowell Corporation Limited. He served as a Director of the E+PC Engineering & Projects Company Ltd. He served as a Director at Aveng Australia Holdings Pty Ltd., until August 22, 2013. He served as an Independent Non-Executive Director of FirstRand EMA Holdings Limited. He served as a Director of Aveng Limited from July 7, 2008 to August 31, 2013.

He served as a Director of Mr. Price Group Limited from July 30, 2007 to August 29, 2008. Mr. Jardine is a trained Physicist. He holds a BSc in Physics and MS from Haverford College in 1989. He also holds an M.Sc., in Radiological Physics at Wayne State University, U.S., in 1991.