Old Mutual South Africa appoi

RNS Number : 8341V

Old Mutual PLC

16 July 2009

 



Ref 50/09

16 July 2009

Old Mutual plc

Old Mutual South Africa appoints new CEO

Old Mutual South Africa (OMSA) today announced the appointment of Kuseni Dlamini as Chief Executive Officer to succeed Paul Hanratty who was recently appointed as the Chief Executive of the Old Mutual plc Long Term Savings division.

Kuseni Dlamini (41) is currently the head of Anglo American's South African operation. He has held this position since July 2008 after gaining valuable management experience within large multi-national organisations, such as Anglo Gold Ashanti and De Beers Consolidated Mines. Between 2005 and 2008, he was the Executive Chairman of Richards Bay Coal Terminal Company (RBCT), the single largest export coal terminal in the world.

Commenting o­n the appointment, Paul Hanratty said, 'We followed an extensive search process internally and externally and we are delighted to make this appointment.'

Taking up his new role o­n 1 September 2009, Kuseni Dlamini will be based at the company's head office in Sandton (Johannesburg) and will report to Paul Hanratty.

Julian Roberts, Group Chief Executive, commented 'We welcome Kuseni Dlamini to the Old Mutual Group. He brings wide business experience and fresh strategic and transformation insights. We look forward to benefiting from his leadership of the OMSA business unit.'

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

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
		[phone]
Mike Smith (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is a leading international long-term savings Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in over 40 countries in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

 

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