| Thu 6 Nov 2008, 9:02 | | OML - Old Mutual plc - Old Mutual appoints new finance director |
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OML - Old Mutual plc - Old Mutual appoints new finance director
Old Mutual plc
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Old Mutual appoints new finance director
Old Mutual plc ("Old Mutual" or the "Company") is pleased to announce the
appointment of Philip Broadley as Group Finance Director. He will succeed
Jonathan Nicholls, who is leaving the company in order to pursue interests
outside the life insurance sector.
Philip was previously Group Finance Director of Prudential plc from 2000
until March 2008. Prior to joining Prudential, he was a Partner at Arthur
Andersen, the top-five global accountancy firm, from 1993 to 2000. He has
also been Chairman of the 100 Group of Finance Directors for two years, was
a founding member and trustee of the CFO Forum of European Insurance Company
Finance Directors and was also a member of the IASB`s Insurance Working
Group.
Philip Broadley, who joins the Company on 10 November, will be appointed to
the Old Mutual Board as an Executive Director at that time. He will also
join the Group Executive Committee.
Julian Roberts, Group Chief Executive, said:
"I am delighted to have made such a high-calibre appointment in Philip
Broadley. Philip`s extensive experience and long-standing tenure as Finance
Director of one of the largest multinationals in our industry will be a
tremendous asset to the Group and we very much look forward to working with
him.
"We thank Jonathan for the significant contribution he has made over the
last two years and for initiating a number of positive changes to the Group
finance function. While we are sad to see him leave, we respect his
decision to seek new challenges outside the sector."
Enquiries
Investor Relations
Aleida White UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew Gregorowski UK / SA +44 (0)20 7002 7133
Finsbury
Mike Smith / Brian Cattell UK +44 (0)20 7251 3801
Notes to Editors
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
portfolio of businesses offering asset management, life assurance, banking
and general insurance services in over 40 countries in Europe, the Americas,
Africa and Asia-Pacific. Old Mutual plc is listed on the London Stock
Exchange and the JSE, among others.
In the year ended 31 December 2007, the group reported adjusted operating
profit of GBP1.62 billion (on an IFRS basis) and had GBP279 billion of funds
under management at the year end. The Company has approximately 53,000
employees.
Ref: 153/08
6 November 2008
Sponsor: Merrill Lynch
Date: 06/11/2008 09:02:01 Produced by the JSE SENS Department.
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