OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - Appointment of chief executive officer for Old Mutual - OLDM

Appointment of chief executive officer for Old Mutual - OLDM

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06
JSE alpha code: OLDM
("Old Mutual" or “the Company”)

3 July 2020

APPOINTMENT OF CHIEF EXECUTIVE OFFICER FOR OLD MUTUAL

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 Williamson
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 Old Mutual
Limited 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.

Sandton
Debt Sponsor: Nedbank CIB, a division of Nedbank Limited

Date: 03-07-2020 01:58:00
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