Coronation Fund Managers Limited announced that the board of directors has appointed Professor Alexandra Watson as the independent non-executive chairperson with effect from 10 August 2021. Furthermore, shareholders are advised that Mr. Sakhiwo Ntombela has been appointed as the lead independent non-executive director with effect from 10 August 2021. Following Alexandra's appointment as chairperson the Board has made the following changes to the Board committees with effect from 10 August 2021: The board has reconstituted the combined Audit and Risk Committee into two separate committees, the audit and risk committees, respectively; Following her appointment as chairperson of the Board, Alexandra has resigned from the audit and risk committee with effect from 10 August 2021; Ms Lulama Boyce has been appointed as the chairperson of the newly constituted audit committee while Saks has been appointed as a member and chairperson of the newly constituted risk committee; In addition, Lulama, Ms Madichaba Nhlumayo and Dr Hugo Nelson have been appointed as members of the risk committee; Furthermore, given the vacancies on the audit committee, Madichaba and Saks have been appointed to fill these vacancies and their appointments are subject to approval by shareholders at the annual general meeting scheduled to take place in February 2022.