26th May 2019
Old Mutual shareholders have been advised that the Board has had various engagements with Peter Moyo, the OML and Old Mutual Life Assurance Company Limited(OMLACSA) ceo. These engagements have caused the Board to conclude that there has been a material breakdown in trust and confidence between him and the Board.
As a result, the Board has suspended Moyo with immediate effect.
Iain Williamson, coo will assume the role of acting ceo.
Old Mutual Trends(212 articles)