REG - Old Mutual Ltd - CHANGE IN DIRECTORATE

Old MutualAnnouncement

17/02/2025 15:15

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RNS Number : 3984X  Old Mutual Limited  17 February 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 Alpha Code: OMLI

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

Ref 02/25

 

17 February 2025

 

CHANGE IN DIRECTORATE

 

CHIEF EXECUTIVE OFFICER TO TAKE EARLY RETIREMENT

In compliance with paragraph 3.59 of the Listing Requirements of the JSE
Limited, Old Mutual Limited ("Old Mutual") hereby announces that Mr Iain
Williamson will take early retirement and step down as Chief Executive Officer
("CEO") and executive director of the Company on 31 August 2025.

The Board has accepted Mr Williamson's request to take early retirement after
32 years with the Old Mutual Group, the last five as CEO, and extends its
heartfelt thanks for his remarkable commitment and service to the Company, its
clients and the industry. He will leave Old Mutual a stronger, more resilient
and more innovative company that is ideally positioned to grow and thrive into
the future. Iain will work with the Old Mutual Board and his successor, upon
their appointment, to ensure a smooth and managed handover.

The Board has initiated a process, considering internal and external
candidates, to identity a new CEO to lead the company through its next phase
of growth and innovation. The Board intends to conclude this process
expeditiously.

This announcement is also available on the Old Mutual website
at www.oldmutual.com (http://www.oldmutual.com/) .

 

Sandton

 

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 & 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 179 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/)
.

 

 

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