PAUL HANRATTY APPOINTED AS OM

RNS Number : 2866Y

Old Mutual PLC

01 September 2009

 

Ref 64/09

1 September 2009

PAUL HANRATTY APPOINTED AS OMLACSA BOARD CHAIRMAN

Old Mutual plc ('Old Mutual') announces that Paul Hanratty has been appointed as executive Chairman of Old Mutual Life Assurance Company (South Africa) Limited ('OMLACSA') with effect from 1 September 2009.  He succeeds Professor Andreas van Wyk, who has served as non-executive Chairman since 2008.

Mr. Hanratty has been an executive member of the Board of OMLACSA since 2006 in his capacity as Chief Executive of Old Mutual South Africa ('OMSA').  As previously announced, he assumes the position of Chief Executive of Old Mutual's Long-Term Savings Division from 1 September 2009. 

Julian Roberts, Group Chief Executive of Old Mutual, commented:

'We are very pleased that Paul has agreed to take up Chairmanship of the OMLACSA Board.  His extensive knowledge of the industry and of Old Mutual South Africa and his leadership skills make him ideal to take over as Chairman.  I would like to express my appreciation to Professor van Wyk for his leadership of the Board.  We are also delighted that he will continue to serve on the Board as an independent Director.'

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]
Don Hunter (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 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.

Paul Hanratty

Paul Hanratty joined OMSA in 1984 and has served the company in a variety of roles including actuarial, employee benefits and product development. Paul was appointed as Managing Director of OMSA in 2006.

 

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