Coronation Fund Managers announces board, committee changes

Coronation Fund Managers Limited has announced the appointment of Cindy Robertson as an independent non-executive director, effective October 1, 2025. Robertson, a qualified chartered accountant with 25 years of experience, currently serves as a non-executive director for Coronation's subsidiary companies, Coronation Life Assurance Limited and Coronation Management Company (RF) Ltd. Her appointment follows the previously announced retirement of professor Alexandra Watson as chairperson and independent non-executive director, effective September 30, 2025, with Saks Ntombela succeeding her as chairperson from October 1, 2025.

In conjunction with these board changes, the company also detailed a series of adjustments to its board committees. Saks Ntombela has resigned from the Risk and Audit Committees, assuming the role of chairperson for the Nominations Committee. Cindy Robertson has been appointed to the Audit Committee. Dr. Hugo Nelson will now chair the Risk Committee, which will comprise Dr. Hugo Nelson, Lulama Boyce, Phakamani Hadebe, and Neil Brown.

Furthermore, Lea Conrad has been appointed as the lead independent director of the board. The Audit Committee will now consist of Lulama Boyce (chairperson), Dr. Hugo Nelson, Madichaba Nhlumayo, and Cindy Robertson. These changes, aimed at optimising the board's structure and oversight, are effective October 1, 2025.