Riaan van Dyk, the group CEO of Assupol Holdings, announced on Monday that he would step down from the role he has held since 2017 with immediate effect, citing personal reasons.
The company has appointed Bridget Mokwena-Halala, the current CEO of Assupol Life, as Van Dyk’s successor subject to regulatory approval. Mokwena-Halala will also continue in her role as Assupol Life CEO.
“There is never a perfect time for the succession of a CEO,” said Van Dyk. “However, I believe that the organisation is in very good shape to handle a smooth transition.”
Mokwena-Halala has been with the Assupol Group for more than 22 years, having joined Assupol Life in 1999 after serving as senior manager of human resource management in the SA Police Service. She has held various positions in the Assupol Group including Prosperity Life CEO and was appointed as Assupol Life CEO and executive director of Assupol Holdings in 2011.
She is a director and executive committee member of the Association for Savings and Investment SA (Asisa) and the former chairperson of the Asisa Transformation Board Committee. She is currently a trustee of the Assupol Community Trust.
Dr Reuel Khoza, chairperson of Assupol Holdings, said the company’s board of directors appreciated the commitment and results that Van Zyl delivered in his tenure of just more than four years. Khoza said the board is confident that Assupol will continue to grow and move forward under the leadership of Mokwena-Halala as the group transitions to a new era.
theunisseng@businesslive.co.za
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