| Thu 2 Jul 2009, 10:00 | | OML - Old Mutual Appoints Mike Arnold As A Non-Executive Director |
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OML
OLOML
OML - Old Mutual Appoints Mike Arnold 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 MIKE ARNOLD AS A NON-EXECUTIVE DIRECTOR
Old Mutual plc ("Old Mutual") is pleased to announce that Mike Arnold, 61, will
be joining its Board as an independent non-executive director with effect from 1
September 2009. Mr Arnold will also become a member of the Group Audit and Risk
Committee.
Mr Arnold has been a consulting actuary with Milliman since 1971. He was Senior
Partner from 1995 to 2002 and subsequently Principal Consulting Actuary and Head
of its Life practice in London. He plans to step down from Milliman when his
current commitments are completed. His extensive experience includes acting as
an independent expert for UK life assurance companies and providing actuarial
advice to international insurance groups. He is a member of the UK Board of
Actuarial Standards.
Chairman of Old Mutual, Chris Collins, said:
"We are very pleased that Mike has agreed to join the Old Mutual board. His
technical expertise and knowledge of our industry will provide us with a
valuable additional resource."
Mike Arnold commented:
"I am delighted to have been invited to join the Board of Old Mutual at such an
interesting time in the Group`s development."
Pursuant to Listing Rule 9.6.13 (1), Mr Arnold has held no directorships in
publicly quoted companies during the past five years, although he has held
directorships of a number of private companies and of a mutual life company.
Old Mutual also confirms that there are no matters relating to Mr Arnold that
would require disclosure under Listing Rules 9.6.13 (2) to (6). Mr Arnold
currently has a beneficial interest in 12,725 Old Mutual shares through a
portfolio that is managed for him on a discretionary basis by a third party.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002 7440
Aleida White UK +44 (0)20 7002 7287
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew UK / SA +44 (0)20 7002 7133
Gregorowski
+44 (0)7748 183 834
Don Hunter UK +44 (0)20 7251 3801
(Finsbury)
02 July 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited
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 GBP1.0 billion (on an IFRS basis) and had GBP265 billion of funds under
management at the year end. The Group has approximately 57,000 employees.
Date: 02/07/2009 10:00:02 Produced by the JSE SENS Department.
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