| Fri 17 Dec 2004, 15:17 | | Olm Mutual Plc - Appointment of new Chairman |
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Olm Mutual Plc - Appointment of new Chairman
OLD MUTUAL PLC
ISIN CODE: GB0007389926JSE SHARE CODE: OML
NSX SHARE CODE: OLM
ISSUER CODE: OLOML
Appointment of new ChairmanOld Mutual plc announces that the Company`s Chairman, Mike Levett, has confirmed
his intention to retire from the Board at the conclusion of the Annual General
Meeting on 11 May 2005.
Mike Levett has been with the Old Mutual Group for 46 years.He has been Chairman of Old Mutual plc since the demutualisation and listing of
the Group in 1999. He had previously been Chairman and Chief Executive of the
predecessor mutual entity, the South African Mutual Life Assurance Society from
1990.During his period as Chairman of Old Mutual plc, he has led the Group`s
transformation from its South African roots into a leading international
financial services company with operations in the UK, the USA and the Far East,
in addition to its major life assurance, short term insurance, banking andinvestment businesses in South Africa. Old Mutual now has one-third of its
business in the USA and some fast growing businesses in the UK.
The Company is also pleased to announce that Christopher Collins has agreed to
succeed Mike Levett as Chairman of the Board at the end of the AGM on 11 May2005.
Chris Collins (64) is currently the Senior Independent Director, having been a
director of the Company since 1999, and is an experienced FTSE 100 Chairman. In
April 2005, prior to taking up this appointment, he will step down as Chairmanof Hanson plc, a role he has held since 1998. He was previously Executive Vice
Chairman while the company transformed from a diversified conglomerate into a
focused building materials company. He is also a director of Forth Ports PLC,
Alfred McAlpine PLC and The Go-Ahead Group plc.Chris Collins said:
`Following Mike Levett as Chairman of Old Mutual is a great honour. He has made
an immense contribution to the growth of the company into the international
Group it is today. I very much look forward to playing my part in the nextstage of the company`s growth both in South Africa and around the world`.
17 December 2004
Enquiries:
Old Mutual plc UKJames Poole +44 (0) 20 7002 7000
Miranda Bellord +44 (0) 20 7002 7133
Old Mutual plc SA
Nad Pillay +27 (0) 82 553 7980Notes to Editors:
Mike Levett B.Com., D.Econ.Sc. (hc), FIA, FFA, FASSA
Non-executive Chairman, having previously held the role of Chairman and Chief
Executive until October 2001. He has also been Chairman of the NominationCommittee since February 2003. He joined the Group in 1959. He is a non-
executive director of Barloworld Limited, Central Africa Building Society,
Mutual & Federal Insurance Company Limited, Nedcor Limited, Old Mutual South
Africa Trust plc and SABMiller plc.Christopher Collins FCA
Non-executive director of the Company since March 1999 and became the senior non
executive director in February 2003. He chairs the Remuneration Committee. He
has been Chairman of Hanson PLC since 1998, having previously been Vice-Chairmanfrom 1995. His international experience includes working as a Hanson PLC
representative in Australia. He is Chairman of Forth Ports PLC and a non-
executive director of The Go-Ahead Group plc and of Alfred McAlpine PLC.
Downloadable photographs are available athttp://www2.oldmutual.com/Media/media_resources/photo_library/index.jsp
For further details about Old Mutual plc visit www.oldmutual.comDate: 17/12/2004 09:30:04 AM Produced by the JSE SENS Department
