| Tue 17 Mar 2009, 9:00 | | OML - Old Mutual Plc - Appointment Of Nedbank Chief Executive Designate |
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OML
OLOML
OML - Old Mutual Plc - Appointment Of Nedbank Chief Executive Designate
OLD MUTUAL PLC
ISIN: GB0007389926
SHORT:OLDMUTUAL
CODE: OML
REG NO: 3591559
APPOINTMENT OF NEDBANK CHIEF EXECUTIVE DESIGNATE
Nedbank Group ("Nedbank"), the 55%-owned South African banking subsidiary of
Old Mutual plc ("Old Mutual") has today announced the appointment of Mike
Brown as Chief Executive Officer designate. He will replace Tom Boardman who
retires in February 2010.
Mike Brown (42) is currently Nedbank Chief Financial Officer and a member of
the Nedbank board and executive committee. Prior to joining Nedbank, he held
various positions in BoE Limited ("BoE") which was acquired by Nedbank in
2003, latterly as Managing Director, BoE Corporate and main board director
(1999 - 2002). He also spent four years at NBS Bank (1993 - 1996) and five
years at Deloitte & Touche (1988 - 1993).
The full Nedbank announcement can be found on its corporate website
www.nedbank.co.za.
For further information on Old Mutual plc, please visit the corporate website
at www.oldmutual.com
17 March 2009
Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited
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
Brian Cattell (Finsbury) 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 life assurance, asset management, banking and general
insurance services 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 GBP1.0 billion (on an IFRS basis) and had GBP265 billion of funds
under management at the year end. The Company has approximately 55,000
employees.
Date: 17/03/2009 09:00:01 Produced by the JSE SENS Department.
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