| Mon 9 Jan 2012, 10:32 | | OML - Old Mutual plc - Old Mutual appoints Ralph Mupita as Chief Executive of |
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OML
OLOML
OML - Old Mutual plc - Old Mutual appoints Ralph Mupita as Chief Executive of
its Emerging Markets business
OLD MUTUAL plc
Issuer code: OLOML
JSE Share code: OML
NSX share code: OLM
ISIN: GB0007389926
Ref 2/11
9 January 2012
Old Mutual appoints Ralph Mupita as Chief Executive of its Emerging Markets
business
Old Mutual plc ("the Group") today announces that Ralph Mupita has been
appointed Chief Executive of its Emerging Markets business following Kuseni
Dlamini`s decision to leave the company to pursue other business interests.
Ralph, who is currently Chief Executive of the Emerging Markets Life & Savings,
will take up his new position on 1 February.
Paul Hanratty, Chief Executive of Old Mutual`s Long Term Savings business, said:
"I have no doubt that Kuseni will continue to contribute to South Africa`s
growth and prosperity as a business leader with a conscience and clear
commitment to the country`s global competitiveness agenda that he so
passionately champions. Mr. Dlamini has continued to strengthen the business
both in South Africa and other emerging markets and has put in place a strong
leadership team and structure to lead the implementation of the OMEM strategic
vision which he was very instrumental in developing. I am very pleased however
to be able to appoint a replacement with the skills and expertise of Ralph and
we are confident that he has the right expertise and experience to drive the
Emerging Markets businesses growth."
Ends
Enquiries
External Communications
Patrick Bowes +44 (0)20 7002 7440
Media
William Baldwin-Charles +44 (0)20 7002 7133
Sponsor:
Merrill Lynch SA (Pty) Limited
Notes to Editors
Old Mutual
Old Mutual 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 to more than 15 million
customers in Europe, the Americas, Africa and Asia. Old Mutual is listed on the
London Stock Exchange and the Johannesburg Stock Exchange, among others.
In the year ended 31 December 2010, the Group reported adjusted operating profit
before tax of GBP1.5 billion (on an IFRS basis) and had GBP309 billion of funds
under management from core operations, and shareholders` equity of GBP9.0
billion.
Date: 09/01/2012 10:32:02 Produced by the JSE SENS Department.
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