Momentum Metropolitan Holdings has appointed Jeanette Marais as the new CEO of the company.
The change of old guard follows the departure of the current CEO Hillie Meyer, who is set to retire from the company on the 30 of September. The new boss Marais will assume her role in August this year.
Marais is second to the insurance sector’s only other woman chief executive officer in the insurance sector, Lizé Lambrechts, who retired from Santam in July 2022.
Chairperson of Momentum Metropolitan, Paul Baloyi said, “Having been a key contributor to the group’s evolution since 2018, Marais holds intimate knowledge of Momentum Metropolitan’s strategy, business areas, and culture.
“She 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 Marais’ passion, energy, and focus on doing what is best for the group set her up well to continue the company’s growth trajectory,” adds Baloyi.
The company is rewarding Marais after she’s been with the company since 1990. She also holds an MBA with Honours from the International Institute for Management Development in Lausanne, Switzerland, in addition to a Bachelor of Science degree from the University of the Free State.
