| Fri 9 Mar 2012, 9:04 | | OML - Old Mutual Plc - Old Mutual appoints Ms Nku Nyembezi-Heita as a |
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OML
OLOML
OML - Old Mutual Plc - Old Mutual appoints Ms Nku Nyembezi-Heita as a
non-executive director
OLD MUTUAL plc
Issuer code: OLOML
JSE Share code: OML
NSX share code: OLM
ISIN: GB0007389926
Old Mutual plc
Ref 18/12
9 March 2012
OLD MUTUAL APPOINTS MS NKU NYEMBEZI-HEITA AS A NON-EXECUTIVE DIRECTOR
Old Mutual plc ("Old Mutual") is pleased to announce that Ms Nonkululeko ("Nku")
Nyembezi-Heita has agreed to join its Board as an independent non-executive
director with effect from today`s date.
Ms Nyembezi-Heita has been an independent non-executive director of Old Mutual`s
wholly-owned life subsidiary, Old Mutual Life Assurance Company (South Africa)
Limited ("OMLACSA"), since 2010, but will be stepping down from that position as
part of her arrangements for joining the Board of Old Mutual.
Commenting on this appointment, Patrick O`Sullivan, Chairman of Old Mutual,
said:
"We are delighted that Nku has agreed to join the Board of Old Mutual, thereby
increasing our South African complement. Her experience as a director of
OMLACSA, as well as her CEO experience at a major South African enterprise, will
be most valuable."
Ms Nyembezi-Heita said:
"I am excited to be joining the Board of Old Mutual and look forward to playing
an influential role there."
Old Mutual confirms that there are no matters relating to Ms Nyembezi-Heita that
would require disclosure under Listing Rules 9.6.13 (1) to (6). She does not
currently have any beneficial interests in shares in Old Mutual or in its
separately listed subsidiary, Nedbank Group Limited.
Enquiries
External Communications / Investor Relations
Patrick Bowes +44 (0)20 7002 7440
Kelly de Kock +27 (0)21 509 8709
Media
William Baldwin-Charles +44 (0)20 7002 7133
Investor Relations
Sponsor:
Merrill Lynch SA (Pty) Limited
Notes to Editors
A photograph of Ms Nyembezi-Heita is available on the Company`s website at the
following address: http://www.oldmutual.com/about/boardOfDirectors.jsp.
Biographical details of Ms Nyembezi-Heita
Nonkululeko `Nku` Nyembezi-Heita is the Chief Executive Officer of ArcelorMittal
South Africa, the largest steel producer on the African continent and a
subsidiary of the ArcelorMittal Group, which in turn is the largest steel
producer in the world. She was appointed to this position in March 2008. Prior
to this, Ms Nyembezi-Heita served as the Chief Officer of Mergers & Acquisitions
for the Vodacom Group and before that, she was Chief Executive Officer of
Alliance Capital (for seven years), then local subsidiary of the New York-based
global investment management company.
Ms Nyembezi-Heita has a B.Sc. Hons degree in electrical engineering from the
University of Manchester Institute of Science & Technology and a Masters degree
in the same discipline from California Institute of Technology. She also has an
MBA from the Open University (UK).
Ms Nyembezi-Heita is also a non-executive director of the JSE Limited.
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 and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2011, the Group reported adjusted operating profit
before tax of GBP1.5 billion (on an IFRS basis) and had GBP267 billion of funds
under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at
www.oldmutual.com
Date: 09/03/2012 09:04:01 Produced by the JSE SENS Department.
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