OLD MUTUAL PLC - OM FINANCIAL SERVICES
OLD MUTUAL PLC
ISIN CODE: GB0007389926
SHARE CODE: OML
ISSUER CODE: OLOML
Re: Edmond Warner, Chief Executive, Old Mutual Financial Services
Following the recent sale of various UK subsidiaries, Old Mutual plc announces
that Edmond Warner, Chief Executive of Old Mutual Financial Services, has
tendered his resignation to pursue other career options. It is expected that Mr
Warner will leave the Group at the end of March.
Recently the Group announced the completion of the sale by OMFS of GNI, the
derivatives and futures broker, to Man Group plc for a consideration of 100
million. Subsequently the Group announced the conditional sale of Old Mutual
Securities, a corporate stockbroker, to Secure Trust plc. An announcement of a
replacement for Mr Warner will be made in due course.
Thanking Edmond Warner for his contribution to Old Mutual, Group Chief Executive
Jim Sutcliffe said:
"Edmond Warner has made a big contribution over the last three years to the
successful international strategy pursued by the Old Mutual Group. With the
completion of the sales of the non-core assets the task that Edmond set himself
has been largely completed, and we wish him well in his future career."
22 November 2002
ENQUIRIES:
Old Mutual plc, London Tel: +44 20 7569 0100
James Poole
College Hill, London Tel: +44 20 7457 2020
Tony Friend
Gareth David
College Hill, South Africa Tel: +27 11 447 3030
Nicolas Williams
Note to editors:
Edmond Warner joined Old Mutual in 1999 to establish Old Mutual Securities.
Prior to joining Old Mutual shortly after the Group listed in the UK, he had a
career of 15 years in investment banking as an investment strategist, head of
global research at Dresdner Kleinwort Benson, and finally head of pan-European
equities at BT Alex Brown.
Date: 22/11/2002 09:17:05 AM Produced by the JSE SENS Department
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