Old Mutual PLC Change to Board Committee Membership (9270L)
July 24 2017 - 10:00AM
UK Regulatory
TIDMOML
RNS Number : 9270L
Old Mutual PLC
24 July 2017
Old Mutual plc
Ref 142/17
24 July 2017
change to board committee membership
Old Mutual plc ("Old Mutual") announces that Dr Alan Gillespie,
Senior Independent Director, will join the Group Audit Committee
("GAC") of the Board of Old Mutual with effect from 1 August 2017.
From that date, the members of the GAC will be Roger Marshall
(Chairman), Mike Arnold, Alan Gillespie, Adiba Ighodaro and Vassi
Naidoo.
The change in the composition of the GAC follows the resignation
of Dr Nkosana Moyo from the Board, which was announced on 29 June
2017.
Enquiries
External communications
Patrick Bowes +44 20 7002 7440
Investor relations
Dominic Lagan +44 20 7002 7190
Deward Serfontein (Fluent Investor Relations) +27 82 810 5672
Media
William Baldwin-Charles +44 20 7002 7133
+44 7834 524833
Notes to Editors
Old Mutual provides investment, savings, insurance and banking
services to 19.4 million customers in Africa, the Americas, Asia
and Europe. Originating in South Africa in 1845, Old Mutual has
been listed on the London and Johannesburg Stock Exchanges, among
others, since 1999.
Old Mutual is executing its strategy of managed separation,
which will entail separating its four businesses into standalone
entities. The four businesses are:
Old Mutual Emerging Markets: an attractive business with a
dominant position in South Africa, well-placed to capitalise on
sub-Saharan African growth as a diversified financial services
provider with strong operations in key East and West African
markets.
Nedbank: one of South Africa's four largest banks with very
strong corporate, commercial and property finance franchises, and a
growth opportunity in the retail market, as well as pan-African
optionality through its stake in Ecobank Transnational Inc
(ETI).
Old Mutual Wealth: a leading, integrated wealth management
business, focused on the UK upper and middle market, with strong
prospects in a rapidly growing GBP3 trillion market.
OM Asset Management: an institutionally focussed, multi-boutique
asset management business, delivering strong, diversified growth in
attractive asset classes through organic initiatives and
acquisitions.
For the year ended 31 December 2016, Old Mutual reported an
adjusted operating profit before tax of GBP1.7 billion and had
GBP395 billion of funds under management. For further information
on Old Mutual plc and the underlying businesses, please visit the
corporate website at www.oldmutualplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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