OUTsurance CEO resigns to take up job at 4G+ mobile start-up

Cape Town – OUTsurance CEO Willem Roos has resigned to take up an executive position at Stellenbosch-based 4G+ mobile start-up business, Rain, it was announced on Wednesday.

Rand Merchant Investment (RMI), which owns the insurance firm, said in a statement that Roos will step down at the end of the year.

In addition, it said RMI Investment Managers (RMIIM) CEO Chris Meyer will also be leaving his role, as he is relocating to Sydney, Australia.

“The RMI, OUTsurance and RMIIM boards are committed to ensuring an orderly handover process
and continuation in the respective businesses,” it said. “The RMI board will update the market on the leadership changes for both businesses as soon as appointments have been made.”

“Willem remains committed to OUTsurance and will support the business through this transition. He will retain his shareholding in OUTsurance and remain on the board.

“OUTsurance has a strong management team who are deeply entrenched in the organisation, with extensive operational experience at the group. These members embody the entrepreneurial OUTsurance culture and ethos, ensuring continuity and stability of the business model.

“Willem has left a lasting mark on the OUTsurance business that he founded and on the broader RMI group. The RMI board extends its appreciation to Willem for his immense contribution, and wishes him and his family all the best in this next chapter."

RMIIM currently comprises a portfolio of nine affiliate asset managers, all of whom run successful independent businesses.