| Fri 10 Sep 2010, 15:13 | | OML - Old Mutual Plc - Tom Turpin to leave Old Mutual Asset Management |
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OML
OLOML
OML - Old Mutual Plc - Tom Turpin to leave Old Mutual Asset Management
OLD MUTUAL PLC
ISIN CODE: GB0007389926
JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Tom Turpin to leave Old Mutual Asset Management
Old Mutual plc ("Old Mutual") announces that Tom Turpin, Chief Executive Officer
of Old Mutual Asset Management has decided to leave the business to pursue other
opportunities.
Mr Turpin has led Old Mutual`s asset management business as CEO through its
continued development over the past two years and leaves the business well
positioned as a leading asset manager. With the announcement of our intention to
instigate a partial initial public offering, Tom has decided that it is the
right time to pursue other professional and personal interests.
Old Mutual wishes to thank Mr Turpin for his significant contributions over the
eight years that he has worked at Old Mutual.
Mr Turpin will hand over day-to-day operating responsibility to Chief Operating
Officer Linda Gibson who will take on the additional role of Interim CEO as we
commence a search for a new CEO. Ms Gibson will report directly to Julian
Roberts, Group Chief Executive of Old Mutual until a successor is found.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Enquiries
External Communications
Patrick Bowes UK +44 (0)20 7002 7440
Investor Relations
Deward Serfontein SA +27 (0)82 810 5672
Aleida White UK +44 (0)20 7002 7287
Media
Don Hunter (Finsbury) UK +44 (0)20 7251 3801
Notes to Editors
Old Mutual
Old Mutual plc is an international long-term savings, protection and investment
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 2009, the Group reported adjusted operating profit
before tax of GBP1.2 billion (on an IFRS basis) and had GBP285 billion of funds
under management at the year end. The Group has approximately 54,000 employees.
10 September 2010
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Date: 10/09/2010 15:13:01 Produced by the JSE SENS Department.
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