Momentum Metropolitan Holdings Limited (MMH) has announced significant changes to its Group Boards and Committees. The company revealed that Mr. Paballo Joel Makosholo has resigned from his position as a non-executive director. This resignation is effective from June 30, 2024, as he plans to focus on other business commitments.
Resignation Details
Mr. Makosholo’s resignation impacts both Momentum Metropolitan Holdings Limited (MMH) and Momentum Metropolitan Life Limited (MML). He has stepped down from the boards of both entities. Additionally, he resigned from his roles in the Group’s Investments and Risk, Capital, and Compliance committees. His resignation from these committees also took effect on June 30, 2024.
Official Acceptance
The Board of Momentum Metropolitan accepted Mr. Makosholo’s resignation on July 9, 2024. They expressed gratitude for his contributions during his tenure. The board acknowledged his valuable input and dedication to the company’s growth and governance.
Conclusion
Momentum Metropolitan Holdings Limited is undergoing a notable transition with the resignation of Mr. Paballo Joel Makosholo. His departure marks the end of a significant chapter in the company’s governance. The Group’s commitment to strong governance and strategic oversight remains steadfast. The Board will work diligently to find suitable replacements and continue its mission of delivering value to shareholders and stakeholders alike.
