| Wed 3 Nov 2010, 14:50 | | OML - Old Mutual Plc - Old Mutual appoints Alan Gillespie as a non-executive |
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OML - Old Mutual Plc - Old Mutual appoints Alan Gillespie 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 ALAN GILLESPIE AS A NON-EXECUTIVE DIRECTOR
Old Mutual plc ("Old Mutual") is pleased to announce that Alan Gillespie has
agreed to join its Board as an independent non-executive director with effect
from 3 November 2010. Mr Gillespie will also become a member of the Group Audit,
Nomination and Remuneration Committees. In addition, he has been selected to
succeed Rudi Bogni as the Senior Independent Director when Mr Bogni retires at
the Company`s AGM in May 2011.
Mr Gillespie`s background is in financial services and banking, having been a
partner and Managing Director of Goldman Sachs & Co in London from 1986 to 1999
and Chairman of Ulster Bank Group from 2001 to 2008. Further details of his
background are contained in the Notes to Editors below.
The Chairman of Old Mutual, Patrick O`Sullivan, said:
"We are very pleased to have been able to recruit Alan Gillespie to our Board.
His appointment is an important part of our rolling programme to renew and
refresh the Board`s capabilities."
Alan Gillespie commented:
"I am delighted to have been invited to join the Board of Old Mutual and look
forward to contributing to the successful accomplishment of its strategic
objectives."
Pursuant to Listing Rule 9.6.13 (1), details of directorships held by Mr
Gillespie in publicly quoted companies during the past five years are set out
below:
United Business Media Limited (Senior Independent Director)
Old Mutual confirms that there are no matters relating to Mr Gillespie that
would require disclosure under Listing Rules 9.6.13 (2) to (6). Mr Gillespie
does not currently have any beneficial interests in shares in Old Mutual or in
its separately listed subsidiary, Nedbank Group Limited.
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 UK +44 (0)20 7251
(Finsbury) 3801
Notes to Editors
Alan Gillespie
Dr Alan Gillespie, CBE, who is 60 years old, has had a long and successful
career in international banking and financial services. His international
banking career began at Citibank, where he spent 10 years from 1976 to 1986,
with assignments in London and Geneva. He joined Goldman Sachs in New York in
1986 and was made a partner of the firm in 1990, with responsibility for
corporate finance and mergers and acquisitions in the UK and Ireland. He then
jointly led the firm`s financial services practice in Europe. In 1996, he
established Goldman Sachs` operation in South Africa.
After retiring from Goldman Sachs in 1999, he took on a public sector role for
the UK Government as Chief Executive of the Commonwealth Development
Corporation, subsequently renamed CDC Group plc. In 2001 he became Chairman of
Ulster Bank, a subsidiary of Royal Bank of Scotland plc, but separately managed
and with an independent board. In 2008, it was announced that he would become
Chairman of Alliance & Leicester Plc: however, shortly afterwards Banco
Santander acquired the business.
Among other positions currently held by Dr Gillespie are Senior Independent
Director of United Business Media Limited, Chairman of the Economic and Social
Research Council and Chairman of The International Finance Facility for
Immunization (a $6 billion development finance initiative linked to GAVI, Geneva
promoted by the UK Government and co-funded by France, Spain, Italy, Norway, the
Netherlands, Sweden and South Africa).
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.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
3 November 2010
Sponsor:
Merrill Lynch South Africa (Pty) Limited
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