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OLD MUTUAL LIMITED - Change in Directorate

Release Date: 14/12/2020 13:30
Code(s): OMU     PDF:  
Wrap Text
Change in Directorate

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”)

Ref 33/20
14 December 2020


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


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

 Tokelo Mulaudzi              T: +27 (0)11 217 1042
 Investor Relations Manager   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: 14-12-2020 01:30:00
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