| Fri 17 May 2002, 0:00 | | Old Mutual Plc - Appointment of Non Executive US D |
|
ISIN CODE: GB0007389926
SHARE CODE: OML
ISSUER CODE: OLOML
Old Mutual appoints Non Executive US Director
Old Mutual plc is pleased to announce that Nigel Andrews has been appointed
as a non-executive director of the company with effect from 1 June 2002. He
is already a non-executive director of the Group`s principal US holding
company, Old Mutual (US) Holdings Inc.
US-based, Nigel Andrews is a British national aged 55, with extensive
experience of US financial and business management acquired during his
involvement with US General Electric Company, Internet Capital Group and
Booz Allen Hamilton.
Nigel Andrews has a BSc in Chemical Engineering from Sheffield University,
holds an MBA from London Business School, and is Chairman of the Regional
Advisory Board, North America, of the London Business School. He is also a
Director of Great Lakes Chemical Corporation.
Commenting on the appointment, Michael J Levett, Chairman of Old Mutual plc,
said:
"We have been looking for some time to appoint a director with the right mix
of US and international experience. I am very pleased to welcome Nigel
Andrews to the Board of Old Mutual plc, where his experience will bring a
valuable additional dimension to our discussions."
17 May 2002
ENQUIRIES:
Old Mutual plc Tel: +44 (0) 20 7569 0100
James Poole
Old Mutual, South Africa Tel: +27 (0) 21 509 2732
Bruce Allen
College Hill Tel: +44 (0) 20 7457 2020
Tony Friend
Notes to Editors
Old Mutual plc is an international financial services company based in
London, with substantial operations in life assurance, asset management,
banking and general insurance. Old Mutual is listed on the London Stock
Exchange with a market capitalisation of 4 billion as at 1 May 2002. It is
also listed on the Johannesburg, Namibian, Malawi and Zimbabwe stock
exchanges. The company operates the largest life assurance business in
southern Africa, through which it provides life, disability and health
insurance, retirement savings and investment products to individuals and
groups. The company also has significant interests in life assurance and
asset management businesses in the USA and a range of asset management
businesses in the UK. The group had 143 billion of assets under management
as at 31.12.01. Old Mutual owns 53% of Nedcor, one of South Africa`s highest
rated banks, and 51% of the South African general insurance company, Mutual
& Federal.
Date: 17/05/2002 10:39:28 AM Produced by the SENS Department
