| Tue 21 Aug 2007, 10:00 | | OML - Old Mutual Plc - Appoints Richard Pym as a n |
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OML
OLOML
OML - Old Mutual Plc - Appoints Richard Pym as a non-executive Director
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
OLD MUTUAL APPOINTS RICHARD PYM AS A NON-EXECUTIVE DIRECTOR
Old Mutual plc ("Old Mutual"), the international savings and wealth management
group, is pleased to announce that Richard Pym has agreed to join the Board as
an independent non-executive director with effect from 1 September 2007. Mr Pym
will also become a member of the Group Audit and Risk Committee and is expected
to succeed Norman Broadhurst, who is due to retire from the Board at the AGM in
May 2008, as Chairman of that committee.
Mr Pym retired as Group Chief Executive of Alliance & Leicester plc in July
2007, a position he had held since 2002. He is currently non-executive Chairman
of Halfords Group plc, the UK car parts, car accessories and cycle retailer. He
is a qualified Chartered Accountant.
Chairman of Old Mutual, Chris Collins, said:
"I am delighted to welcome Richard Pym to the Board of Old Mutual. His success
in the UK banking sector, along with his accounting knowledge and experience in
retail financial services, will undoubtably be of considerable value to the
Company."
Richard Pym commented:
"I am delighted to have been invited to join Old Mutual. Through Skandia, it is
an innovative force in the UK market and the company`s reputation in its
international markets is strong. I look forward to working with Old Mutual`s
board in achieving future success for the group."
Pursuant to Listing Rule 9.6.13 (1), details of directorships held by Mr Pym in
publicly quoted companies during the past five years are set out below:
Alliance & Leicester plc (ceased 2007)
Halfords Group plc (current)
Selfridges plc (ceased 2003)
Old Mutual also confirms that there are no matters relating to Mr Pym that would
require disclosure under Listing Rules 9.6.13 (2) to (6). Mr Pym does not
currently have any beneficial interests in Old Mutual shares.
Ends
Enquiries
Investor Relations
Aleida van Herel UK +44 (0)20 7002 7287
Deward Serfontein SA + 27 (0) 21 509 8709
Media
James Crampton UK +44 (0)20 7002 7133
Nad Pillay SA +27 (0)82 553 7980
Sponsor
Merrill Lynch
21 August 2007
Notes to editors
Richard Pym
Richard Pym was born in 1949. He gained a physics degree from the University of
Warwick in 1971 and qualified as a Chartered Accountant with Thomson McLintock
in 1974. After periods at British Gas and BAT Industries, Mr Pym joined The
Burton Group plc, where he held various senior financial and general management
roles including Executive Director. He was recruited to Alliance & Leicester in
1992, joined the board as Finance Director and was appointed Managing Director
Retail Banking in 2001. He was appointed Group Chief Executive of the UK banking
group in 2002.
He is also currently Chairman of Halfords Group plc and a member of the
Commercial Panel of The National Trust. Between 1998 and 2003 he was a non-
executive director of Selfridges plc, and between 2004 and 2007 was a Vice
President of the British Bankers Association.
Old Mutual
Old Mutual plc is an international savings and wealth management company based
in the UK. Originating in South Africa in 1845, the group has a balanced
portfolio of businesses offering asset management, life assurance, banking and
general insurance services in over 40 countries, primarily South Africa, Europe
and the United States. Old Mutual is listed on the London Stock Exchange and the
JSE Limited, among others.
In the year ended 31 December 2006, the group reported adjusted operating profit
of GBP1.4 billion (IFRS basis). Old Mutual had GBP263 billion of funds under
management and 53,000 employees at 30 June 2007.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Date: 21/08/2007 10:00:01 Produced by the JSE SENS Department.
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