Directors

Overview

The company’s board of directors consists of 11 members (including 3 directors joining the board with effect from the date of listing). The members of the company’s board of directors are as follows:

Name, age and nationality	Business address	Occupation/function	Date of appointment as director
Prof. Gert Johannes Gerwel (64) South African	3rd Floor, Mandela Rhodes Building 150 St Georges Mall Cape Town, 8001 South Africa	Chairman (non-executive)	3 November 2003
Mr. Michael Flemming (53) South African	21 Chaplin Road Illovo Johannesburg, 2196 South Africa	Managing director (executive)	23 March 2005
Mr. Roger Hogarth (56) South African	21 Chaplin Road Illovo Johannesburg, 2196 South Africa	Financial director (executive)	7 May 2007
Mr. Mustaq Brey (55) South African	No 1 Mariendahl Lane First Floor Slade House Newlands Cape Town, 7700 South Africa	Director (non-executive)	28 November 2003
Ms. Yolanda Cuba (32) South African	1st Floor, 30 Melrose Boulevard Melrose Arch Johannesburg, 2076 South Africa	Director (non-executive)	23 March 2005
Dr. Peter Ngatane (56) South African	Nembula House Lesedi Clinic Diepkloof, 1604 South Africa	Director (independent non-executive)	25 July 2007
Mr. Garth Solomon (43) South African	Old Mutual Investment Group Jan Smuts Drive Pinelands Cape Town, 7405 South Africa	Director (non-executive)	23 March 2005
Dr. Paul Dalmeyer (60) South African	The Stable St. George's Hospital Port Elizabeth, 6060 South Africa	Director (non-executive)	23 June 2009
Ms. Louisa Mojela (51) South African	22 Central Street Houghton Johannesburg, 2198 South Africa	Director (independent non-executive)	10 June 2010
Mr. Peter Golesworthy (52) British	6 Thorne Close Constantia Cape Town, 7806 South Africa	Director (independent non-executive)	10 June 2010
Mr. Trevor Munday (60) South African	27 Angus Road Bryanston Sandton, 2196 South Africa	Director (independent non-executive)	10 June 2010

Short biographies of the directors and senior management of Life are set out below:

Chairman

Prof. Gert Johannes Gerwel, BA (Hons) LicGermPhil, DLitt et Phil. Professor Gerwel gained his degrees in South Africa and Belgium, and has received honorary doctorates from numerous local and foreign universities. He was vice-chancellor and rector of the University of the Western Cape from 1987 to 1994, after which he served as Director-General in the office of the President of South Africa for five years and as secretary of the cabinet in the Government of National Unity. Professor Gerwel is non-executive chairman of Africon Engineering International Limited, Media 24 Limited and Brimstone. He chairs the Boards of Trustees of the Nelson Mandela Foundation, the Nelson Mandela Rhodes Foundation, the Institute for Justice and Reconciliation, the Allan Gray Orbis Foundation and is vice-chairman of the Peace Parks Foundation.

Executive directors

Mr. Michael Flemming, B Com, B Jur, B Proc, AMP (Harvard). Mr. Flemming joined African Oxygen Limited (“Afrox”) in 1985 and transferred to its healthcare division in 1994. He has held several senior finance and line management positions with both Afrox and Afrox Healthcare Limited (“Afrox Healthcare”). He managed the business finance function and then moved into managing a 300 bed hospital in the North West Region. A year later he was promoted to regional manager and shortly thereafter general manager. He was appointed managing director of Afrox Healthcare in 2001, which became Life in 2005.

Mr. Roger Hogarth, B Acc (Wits), CA(SA). Mr. Hogarth was appointed to the board in May 2007. After qualifying as a chartered accountant he joined Afrox in 1980. Mr. Hogarth has a wealth of experience in tax, accounting, systems and financing in both the industrial and healthcare businesses. He was manager corporate finance for Afrox, before transferring to Afrox Healthcare as general manager finance and administration in August 2004. He was appointed finance director of Life in May 2007.

Non-executive directors

Mr. Mustaq Brey, , B Compt (Hons) CA(SA). Mr. Brey is a founder member and chief executive officer of Brimstone. Mr. Brey is a chartered accountant and currently serves on the boards of Oceana Fishing Group Limited, the Scientific Group, Lion of Africa Insurance Company Limited and Nedbank Limited. He serves on the audit committees of the South African Revenue Service and Mandela Rhodes Foundation and chairs the capital and risk committee for Nedbank.

Ms. Yolanda Cuba, B Com (Hons), CA(SA). Ms. Cuba is the chief executive officer of Mvelaphanda Group Limited, one of South Africa’s leading listed black-owned investment companies. She joined Mvelaphanda in their corporate finance division in early 2003 and was appointed deputy CEO later that year. She has been responsible for initiating and executing a number of the group’s major investments. At 29 years of age, she became one of the youngest CEOs of a JSE listed company. She is a chartered accountant by profession and holds a B Com (Statistics) from the University of Cape Town and a B Com Honours degree in accounting from the University of Natal (Durban). She has worked at Robertsons Foods (now part of Unilever) and Fisher Hoffman PKF. She also sits on a number of boards including ABSA Limited, AVUSA Limited and Steinhoff Limited.

Dr. Peter Ngatane, BSc, MB.Bch, FCOG. Dr. Ngatane is a specialist obstetrician and gynaecologist. He has served as a consultant obstetrician and gynaecologist, as well as superintendent at the Chris Hani Baragwanath Hospital. He also served as the head of obstetrics and gynaecology at Natalspruit Hospital. He is currently in private practice. Dr. Ngatane is the chairman of the South African Boxing Commission and is the medical director of Boxing South Africa. He serves on the board of governors of the World Boxing Council, is the vice-president of the African Boxing Union and a trustee of the Commonwealth Boxing Council based in London.

Mr. Garth Solomon, B Com, B Compt (Hons), CA(SA). Mr. Solomon joined Old Mutual Private Equity in 2003, where he currently works as a specialist private equity portfolio manager responsible for sourcing, executing and managing private equity investments on behalf of Old Mutual Life Assurance Company (South Africa) and other third party clients. In addition to Life, Mr. Solomon serves on the boards and subcommittees of Metcash Trading Africa (Proprietary) Limited and Tourvest Group (Proprietary) Limited, two investee companies for which he is responsible. Mr. Solomon chairs the Company’s investment, management remuneration and retirement committees and is a member of the audit committee.

Dr. Paul Dalmeyer, MB.ChB, FCOG(SA). Dr. Dalmeyer graduated with an MB.ChB. from the University of Pretoria and as a specialist in obstetrics and gynaecology FCOG(SA) from UCT. He is a registered reproductive specialist. He serves as a board member on the International Federation of Fertility Societies and is president of the South African Menopause Society. He has been involved in the hospital business for the past 25 years and is chairman of Life Doctor Investments Limited.

Ms. Louisa Mojela, B Com. Ms. Mojela graduated from the National University of Lesotho and completed an executive leadership programme at the Wharton School of Business at the University of Pennsylvania. She was seconded to the World Bank at Washington, D.C. and involved with privatisation programmes in Lesotho, Zambia and Malawi. Ms. Mojela was a founder member of and serves as the group CEO for Women Investment Portfolio Holdings Limited, and previously worked for Standard Corporate and Merchant Bank, the Development Bank of Southern Africa and the Lesotho National Development Corporation.

Mr. Peter Golesworthy, BA (Hons) (First Class) Accountancy Studies CA . Mr. Golesworthy graduated from Exeter University in the UK and qualified as a chartered accountant with the Institute of Chartered Accountants of Scotland. Mr. Golesworthy currently serves as a director of a number of private companies and as a member of the Alternative Assets Investment Committee, Mezzanine Investment Committee and Credit Committee of certain Old Mutual businesses. Mr. Golesworthy was previously the finance director of Old Mutual (South Africa), and prior to joining Old Mutual was a finance manager in the Corporate & International Finance Department of Anglo American Corporation of South Africa Limited.

Mr. Trevor Munday, B Com. Mr. Munday completed his B Com at the Unviersity of Natal, and served in several commercial, financial and accounting roles at AECI in Zimbabwe, Angola and South Africa. Mr. Munday was appointed as an executive director and chief financial officer of Sasol Limited (“Sasol”), where he led the listing of Sasol on the New York Stock Exchange. Mr. Munday later served as deputy CEO of Sasol prior to his retirement in 2006. Mr. Munday serves as a non-executive director on several JSE-listed companies, including ABSA Group Limited, Reunert Limited, Illovo Sugar Limited and Sasol Limited.