| Tue 1 Sep 2009, 8:00 | | OML - Old Mutual PLC - Paul Hanratty Appointed As OMLACSA Board Chairman |
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OML - Old Mutual PLC - Paul Hanratty Appointed As OMLACSA Board Chairman
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
PAUL HANRATTY APPOINTED AS OMLACSA BOARD CHAIRMAN
Old Mutual plc ("Old Mutual") announces that Paul Hanratty has been appointed as
executive Chairman of Old Mutual Life Assurance Company (South Africa) Limited
("OMLACSA") with effect from 1 September 2009. He succeeds Professor Andreas
van Wyk, who has served as non-executive Chairman since 2008.
Mr. Hanratty has been an executive member of the Board of OMLACSA since 2006 in
his capacity as Chief Executive of Old Mutual South Africa ("OMSA"). As
previously announced, he assumes the position of Chief Executive of Old Mutual`s
Long-Term Savings Division from 1 September 2009.
Julian Roberts, Group Chief Executive of Old Mutual, commented:
"We are very pleased that Paul has agreed to take up Chairmanship of the OMLACSA
Board. His extensive knowledge of the industry and of Old Mutual South Africa
and his leadership skills make him ideal to take over as Chairman. I would like
to express my appreciation to Professor van Wyk for his leadership of the Board.
We are also delighted that he will continue to serve on the Board as an
independent Director."
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
1 September 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited
Enquiries
Investor Relations
Patrick Bowes UK +44 (0)20 7002 7440
Deward Serfontein SA +27 (0)82 810 5672
Media
Matthew UK / SA +44 (0)20 7002 7133
Gregorowski
Don Hunter UK +44 (0)20 7251 3801
(Finsbury)
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 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.
Paul Hanratty
Paul Hanratty joined OMSA in 1984 and has served the company in a variety of
roles including actuarial, employee benefits and product development. Paul was
appointed as Managing Director of OMSA in 2006.
Date: 01/09/2009 08:00:07 Produced by the JSE SENS Department.
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