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Old Mutual Limited announced on 17 February 2025 that Chief Executive Officer and executive director, Mr Iain Williamson, will take early retirement and step down on 31 August 2025. Mr Williamson served the Old Mutual Group for 32 years, including five years as CEO, and the Board has initiated a process to identify his successor.
| Date | 17 Feb 2025 |
| Time | 15:05:00 |
| Category | Board changes |
| ID | 3984X |
Old Mutual Limited
Incorporated in the Republic of South Africa
Registration number: 2017/235138/06
ISIN: ZAE000255360
LEI: 213800MON84ZWWPQCN47
JSE Share Code: OMU
JSE Alpha Code: OMLI
LSE Share Code: OMU
NSX Share Code: OMM
MSE Share Code: OMU
ZSE Share Code: OMU
("Old Mutual" or "the Company")
Ref 02/25
17 February 2025
CHANGE IN DIRECTORATE
CHIEF EXECUTIVE OFFICER TO TAKE EARLY RETIREMENT
In compliance with paragraph 3.59 of the Listing Requirements of the JSE Limited, Old Mutual Limited ("Old Mutual") hereby announces that Mr Iain Williamson will take early retirement and step down as Chief Executive Officer ("CEO") and executive director of the Company on 31 August 2025.
The Board has accepted Mr Williamson's request to take early retirement after 32 years with the Old Mutual Group, the last five as CEO, and extends its heartfelt thanks for his remarkable commitment and service to the Company, its clients and the industry. He will leave Old Mutual a stronger, more resilient and more innovative company that is ideally positioned to grow and thrive into the future. Iain will work with the Old Mutual Board and his successor, upon their appointment, to ensure a smooth and managed handover.
The Board has initiated a process, considering internal and external candidates, to identity a new CEO to lead the company through its next phase of growth and innovation. The Board intends to conclude this process expeditiously.
This announcement is also available on the Old Mutual website at www.oldmutual.com.
Sandton
Sponsors
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JSE |
Equity Sponsor: Tamela Holdings (Proprietary) Limited Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited |
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Namibia |
PSG Wealth Management (Namibia) (Proprietary) Limited |
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Zimbabwe |
Imara Capital Zimbabwe plc |
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Malawi |
Stockbrokers Malawi Limited |
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Enquiries
|
Investor Relations Langa Manqele Head of Investor Relations |
M: +27 82 295 9840
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Communications: Wendy Tlou Chief Communications & Reputation Officer
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M: +27 82 906 5008 |
Notes to Editors
About Old Mutual
Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 12 countries. Old Mutual's primary operations are in Africa and it has a niche business in China. With over 179 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves as well as broader society on the continent.
For further information on Old Mutual and its underlying businesses, please visit the corporate website at www.oldmutual.com.