Source - LSE Regulatory
RNS Number : 2715K
Old Mutual Limited
31 August 2021
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

 

Ref 21/21

31 August 2021

 

 

CHANGE IN DIRECTORATE

 

In compliance with rule 3.59 of the JSE Listings Requirements, the board of directors of Old Mutual (Board) is pleased to announce that Ms Funke Ighodaro has, in terms of the Board's succession plan, been appointed as Chairperson of Old Mutual's Audit Committee, effective 1 November 2021. 

 

Ms Nosipho Molope, the current chairperson of the Audit Committee, will have served on the Board for 9 consecutive years on 31 October 2021 and will, to ensure an orderly transfer of the role, remain on the Board and its relevant subcommittees (including the Audit Committee) until the next AGM in May 2022.

 

The Board wishes to thank Ms Molope for her sterling leadership of the Audit Committee and contribution to the Group, and congratulates Ms Ighodaro in respect of her succession to the role, which was confirmed by the Board at its meeting on 27 August 2021.

 

Ms Ighodaro is a Fellow of the Institute of chartered Accountants in England and Wales (ICAEW) and is an accredited member of the South African Institute of Chartered Accountants (SAICA).  She is a former CFO of Tiger Brands Limited and Primedia Limited, and previously served as executive director of Barloworld Limited and 9mobile (Nigeria's fourth largest Telco).  She founded and led the private equity business of the Kagiso Trust Investment Group.

 

She is currently the audit and risk committee chair of Massmart Holdings Limited and serves as independent non-executive director of Telkom SOC Limited, Sabvest Capital Limited and Ascential Plc, where she is also a member of the audit and remuneration committees.  Previously Ms Ighodaro served as audit and risk committee chair of Transaction Capital Limited and has also served as independent non-executive director and audit and risk committee member of Datatec Limited and as an independent member of the Cell C investment committee.

 

 

Sandton

 

Sponsors

Johannesburg Stock Exchange

Merrill Lynch South Africa (Pty) Limited ta BofA Securities

Namibia

PSG Wealth Management (Namibia) (Proprietary) Limited

Zimbabwe

Imara Capital Zimbabwe plc

Malawi

Stockbrokers Malawi Limited

 

Enquiries

Investor Relations


Sizwe Ndlovu

Head of Investor Relations

T: +27 (0)11 217 1163

E: tndlovu6@oldmutual.com



Communications


Vuyo Mtawa

M: +27 68 422 8125

  Head: Group Communications  E: vmtawa@oldmutual.com

 

Notes to Editors

 

About Old Mutual Limited

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 14 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has a niche business in China. With over 176 years of heritage across sub-Saharan Africa, Old Mutual is a crucial part of the communities we serve and broader society on the continent.

 

For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.

 

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