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OLD MUTUAL LIMITED - Appointment of Chief Executive Officer for Old Mutual

Release Date: 03/07/2020 13:41
Code(s): OMU     PDF:  
Wrap Text
Appointment of Chief Executive Officer for Old Mutual

Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company” or “the Group”)

Ref 26/20
3 July 2020


Shareholders are referred to the announcement released on SENS on 18 June
2019 announcing the continuation of Old Mutual's Chief Operating Officer,
Iain Williamson, as acting Chief Executive Officer, while the Board embarked
on a search for a permanent CEO.

Following a comprehensive global search, the Board of Directors of Old Mutual
Limited (“the Board”) is pleased to inform shareholders that Iain Wi lliamson
has been appointed as Chief Executive Officer of Old Mutual and of Old Mutual
Life Assurance Company (South Africa) Limited, effective immediately.

This appointment concludes an extensive process initiated by the Board to
appoint a permanent CEO for the Group.

An Actuary by profession (B. BusSc in Actuarial Science, UCT), Iain has built
an exceptional career at Old Mutual spanning almost three decades. During
this   time,   he   gained   valuable   exposure   and   leadership   experience,
consistently delivering across a range of senior roles including CFO of the
Retail Affluent segment and then Managing Director of the Retail Affluent
segment. He was appointed as Old Mutual Emerging Markets’ Finance Director
in 2015, then as Chief Operating Officer of Old Mutual in 2017 and also acted
as the Interim Chief Executive Officer of Old Mutual in 2017.

The Chairman of the Board, Mr Trevor Manuel, stated the following: “We are
delighted at Iain’s appointment. Over the last year, acting as Interim CEO,
he has worked to steer Old Mutual through some significant leadership and
operational challenges. His steady hand, strategic mind, and authentic
leadership style has been both refreshing and truly welcomed. We wish to
thank Iain for his contribution during this time and we look forward to
working with him as he leads the embedding of the Group’s vision and purpose
of championing mutually positive futures everyday.”

Old Mutual invites shareholders to a conference call to be held at 14:00 CAT
on Wednesday 08 July 2020 where the Group’s Chairman and Chief Executive
Officer will be available for further engagement.


Johannesburg Stock          Merrill Lynch South Africa (Pty) Limited
Namibia                     PSG Wealth Management (Namibia) (Proprietary)
Zimbabwe                    Imara Capital Zimbabwe plc
Malawi                      Stockbrokers Malawi Limited


Investor Relations
Sizwe Ndlovu                T: +27 (0)11 217 1163
Head of Investor            E:

Tokelo Mulaudzi             T: +27 (0)11 217 1042
Investor Relations          E:

Tabby Tsengiwe              T: +27 (11) 217 1953
Head of Communications      M: +27 (0)60 547 4947

Notes to Editors

Old Mutual is a premium African financial services Group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
markets segments in 14 countries. Old Mutual’ s primary operations are in
South Africa and the rest of Africa, and we have a niche business in China.
With 175 years of heritage across sub-Saharan Africa, we are a crucial part
of the communities we serve and broader society on the continent.

For further information on Old Mutual, and its underlying businesses,
please visit the corporate website at

Date: 03-07-2020 01:41:00
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