Change in Directorate
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
JSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or “the Company”)
14 December 2020
CHANGE IN DIRECTORATE
Shareholders are referred to the Company’s SENS announcement released on 3
November 2020 relating to the appointment of Ms. Olufunke (Funke) Ighodaro as an
independent non-executive director of Old Mutual which was subject to the
approval of the Prudential Authority in terms of the Insurance Act No 18 of 2017.
The Prudential Authority advised the Company on 11 December 2020 of the approval
of her appointment.
Funke is a commercially astute and experienced business leader who has served on
the boards of several private and publicly listed companies, bringing diverse
and extensive leadership experience and expertise in a large number of business
disciplines, but specifically in finance and business strategy, and governance
and risk management. She will serve on the Board’s Audit, Actuarial and Risk
Funke holds a BSc (Honours) degree from Salford University, is a Fellow of the
Institute of Chartered Accountants in England and Wales and accredited as a
Chartered Accountant with SAICA. She is a former CFO of Tiger Brands Limited
and Primedia Limited and an Executive Director of Barloworld Limited and of
9mobile (Nigeria’s fourth largest Telco). She founded and led the private equity
business of Kagiso Trust Investment Group and is currently a non-executive
director of Massmart Holdings Limited and an independent member of the investment
committee of CellC. She was formerly a non-executive director of Datatec Limited
and Transaction Capital Limited.
The Old Mutual Board would like to welcome Funke as a director and look forward
to working with her.
Johannesburg Stock Merrill Lynch South Africa (Pty) Limited
Namibia PSG Wealth Management (Namibia) (Proprietary)
Zimbabwe Imara Capital Zimbabwe plc
Malawi Stockbrokers Malawi Limited
Sizwe Ndlovu T: +27 (0)11 217 1163
Head of Investor Relations E: email@example.com
Tokelo Mulaudzi T: +27 (0)11 217 1042
Investor Relations Manager E: firstname.lastname@example.org
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 www.oldmutual.com.
Date: 14-12-2020 01:30:00
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