Change in Board of Directors - Paul Hanratty

RNS Number : 7607R

Old Mutual PLC

11 March 2016

 

Old Mutual plc

Ref 181/16

11 March 2016

CONFIRMATION OF CHANGE TO BOARD OF DIRECTORS - PAUL HANRATTY

Further to the previous announcement dated 15 September 2015, the Board of Old Mutual today confirms that Paul Hanratty, Chief Operating Officer, will step down from the Board on 12 March 2016.

On 26 February 2016, Nedbank Group Limited, the majority-owned South African banking subsidiary of Old Mutual, announced that Mr. Hanratty would also cease to be a non-executive director of Nedbank Group and Nedbank Limited with effect from 12 March 2016.

Mr. Hanratty will remain in post until 31 May 2016.  During the balance of his notice period, which will expire on 14 September 2016, he will remain available to the Group providing advice to the Group Chief Executive and, until a successor is appointed, as Chairman of Old Mutual Emerging Markets.

Enquiries

External communications

Patrick Bowes                           UK        [phone]

Investor relations

Dominic Lagan                           UK        [phone]

Sizwe Ndlovu                             SA        [phone]

Media

William Baldwin-Charles                         [phone]

                                                            [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to 18.9 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.

In the year ended 31 December 2015, the Group reported adjusted operating profit before tax of £1.7 billion (on an AOP basis) and had £304 billion of funds under management from core operations (excluding Rogge).

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

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