REG - Old Mutual Ltd - Appointment of CEO Life & Savings segment

Old MutualAnnouncement

Mon 08:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250707:nRSG9684Pa&default-theme=true

RNS Number : 9684P  Old Mutual Limited  07 July 2025

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

JSE Share Code: OMLI

LSE Share Code: OMU

MSE Share Code: OMU

NSX Share Code: OMM

ZSE Share Code: OMU

("Old Mutual")

 

Ref: 23/25

07 July 2025

 

APPOINTMENT OF PRABASHINI MOODLEY AS CHIEF EXECUTIVE OFFICER OF NEW LIFE &
SAVINGS SEGMENT AND SHIFT OF EXECUTIVE OVERSIGHT OF OLD MUTUAL FINANCE AND OLD
MUTUAL TRANSACTION SERVICES TO OM BANK CEO CLARENCE NETHENGWE

Shareholders are hereby notified of the appointment of Ms Prabashini Moodley
as Chief Executive Officer (CEO) of Old Mutual's newly configured Life and
Savings segment, effective 1 August 2025. Prabashini will report directly to
the Group CEO, Jurie Strydom. The Life and Savings segment will consist of
four business units namely, Personal Finance, Old Mutual Wealth Management,
Old Mutual Corporate, and the Mass and Foundation Cluster (MFC) - excluding
banking. The Managing Directors of these business units will report to
Prabashini.

The formation of the Life and Savings segment will ultimately enable more
effective delivery to customers and intermediaries in South Africa and greater
leveraging of the benefits of scale efficiencies in key areas.

Prabashini is currently the Managing Director of Old Mutual Corporate and has
enjoyed a long and successful career at Old Mutual. She joined the Group in
2002 and qualified as an actuary shortly thereafter. Prabashini also holds a
Global Executive MBA from IESE Business School and has served in various roles
across Personal Finance, Old Mutual Investment Group, and the MFC, including
four years as the MFC's Chief Financial Officer. Her international experience
includes a tenure at Skandia México, where she established and led a customer
segment business.

Old Mutual Group CEO Jurie Strydom said: "I want to congratulate Prabashini on
her well-deserved appointment. I am confident that Prabashini will bring the
clarity, energy, and accountability needed to lead her team and create value
across these business units. In addition, the shift of Old Mutual Finance and
Old Mutual Transaction Services to fall under the executive oversight of OM
Bank CEO Clarence Nethengwe, marks a strategic step in aligning Old Mutual's
banking operations in South Africa as we prepare for the launch of OM Bank."

These changes reflect Old Mutual's continued commitment to enhancing
organisational effectiveness, driving operational efficiency, and delivering
sustainable value to customers and all stakeholders.

Sandton

07 July 2025

Sponsors

 

 JSE                                          Equity Sponsor: Tamela Holdings (Proprietary) Limited
                                              Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank
                                              Limited
 Namibia                                      PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe                                     Imara Capital Zimbabwe plc
 Malawi                                       Stockbrokers Malawi Limited

 Enquiries

 Investor Relations
 Langa Manqele                                M: +27 82 295 9840
 Head of Investor Relations                   E: investorrelations@oldmutual.com

 Communications
 Wendy Tlou                                   M: +27 82 906 5008
 Chief Communications and Reputation Officer  E: oldmutualnews@oldmutual.com

 

Notes to Editors

About Old Mutual

Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
market segments in 12 countries. Old Mutual's primary operations are in Africa
and it has a niche business in China. With over 180 years of heritage across
sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves
as well as broader society on the continent.

 

For further information on Old Mutual and its underlying businesses, please
visit the Corporate website at www.oldmutual.com (http://www.oldmutual.com)
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAGLGDRCSGDGUR