| Fri 17 Jul 2009, 7:31 | | OML - Old Mutual South Africa Appoints New CEO |
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OML
OLOML
OML - Old Mutual South Africa Appoints New CEO
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
OLD MUTUAL SOUTH AFRICA APPOINTS NEW CEO
Old Mutual South Africa (OMSA) today announced the appointment of Kuseni Dlamini
as Chief Executive Officer to succeed Paul Hanratty who was recently appointed
as the Chief Executive of the Old Mutual plc Long Term Savings division.
Kuseni Dlamini (41) is currently the head of Anglo American`s South African
operation. He has held this position since July 2008 after gaining valuable
management experience within large multi-national organisations, such as Anglo
Gold Ashanti and De Beers Consolidated Mines. Between 2005 and 2008, he was the
Executive Chairman of Richards Bay Coal Terminal Company (RBCT), the single
largest export coal terminal in the world.
Commenting on the appointment, Paul Hanratty said, `We followed an extensive
search process internally and externally and we are delighted to make this
appointment.`
Taking up his new role on 1 September 2009, Kuseni Dlamini will be based at the
company`s head office in Sandton (Johannesburg) and will report to Paul
Hanratty.
Julian Roberts, Group Chief Executive, commented `We welcome Kuseni Dlamini to
the Old Mutual Group. He brings wide business experience and fresh strategic and
transformation insights. We look forward to benefiting from his leadership of
the OMSA business unit.`
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
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew Gregorowski UK / SA +44 (0)20 7002 7133
+44 (0)7748 183 834
Mike Smith (Finsbury) UK +44 (0)20 7251 3801
17 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: 17/07/2009 07:31:01 Produced by the JSE SENS Department.
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