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OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - Suspension of Chief Executive Officer of Old Mutual Limited

Release Date: 24/05/2019 07:59
Code(s): OML03 OML05 OML06 OML07 OML09 OML10 OML02 OML08 OML04     PDF:  
Wrap Text
Suspension of Chief Executive Officer of Old Mutual Limited

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED
Registration number 1999/004643/06
JSE alpha code: OLDM

SUSPENSION OF CHIEF EXECUTIVE OFFICER OF OLD MUTUAL LIMITED (“OML”)

Shareholders are advised that the Board has had various engagements with Mr
Peter Moyo, the OML and Old Mutual Life Assurance Company Limited (OMLACSA)
Chief Executive Officer. These engagements have caused the Board to conclude
that there has been a material breakdown in trust and confidence between him
and the Board.

As a result, the Board has suspended the Chief Executive Officer with
immediate effect.

Iain Williamson, Chief Operating Officer will assume the role of acting Chief
Executive Officer.


24 May 2019
Debt Sponsor: Nedbank CIB, a division of Nedbank Limited

Date: 24/05/2019 07:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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