Directorate Change

RNS Number : 6762G

Old Mutual PLC

16 May 2011

 



Ref 58/11

16 May 2011

Board changes after the 2011 Annual General Meeting

Following the Company's Annual General Meeting on 12 May 2011, the changes to the Board described below have now taken effect, in line with arrangements described in the shareholder circular convening that Meeting:

·      Rudi Bogni and Nigel Andrews, who had both served on the Board as non-executive directors for nine years, have retired from the Board;

·      Alan Gillespie has succeeded Rudi Bogni as the Company's Senior Independent Director; and

·      Russell Edey has succeeded Rudi Bogni as Chairman of the Remuneration Committee.

Patrick O'Sullivan, Chairman of the Board, said:

"On behalf of the Board, I would like to thank Nigel and Rudi for their contribution to the Company and their long and dedicated commitment to the Group."

Enquiries

External Communications
Patrick Bowes		[phone]
Investor Relations
Deward Serfontein	SA	[phone]
Aleida White	UK	[phone]
Media
William Baldwin-Charles		[phone]

Notes to Editors

Old Mutual

Old Mutual plc is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to 15 million customers in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.

In the year ended 31 December 2010, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £309 billion of funds under management, from core operations, at the year end.  For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com

 

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