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Directorate Change

3 Nov 2020 07:00

RNS Number : 0670E
Old Mutual Limited
03 November 2020
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "the Company")

 

 

 

Ref 32/20

3 November 2020

 

 

CHANGE IN DIRECTORATE

 

In compliance with rule 3.59 of the JSE Listings Requirements, Old Mutual is pleased to announce that Ms. Olufunke (Funke) Ighodaro has been appointed as an independent non-executive director of Old Mutual. Her appointment is subject to the approval of the Prudential Authority in terms of the Insurance Act No 18 of 2017.

 

Funke is a commercially astute and experienced business leader who has served on the boards of several private and publicly listed companies, bringing diverse and extensive leadership experience and expertise in a large number of business disciplines, but specifically in finance and business strategy, and governance and risk management. She will serve on the Board's Audit, Actuarial and Risk committees.

 

Funke holds a BSc (Honours) degree from Salford University, is a Fellow of the Institute of Chartered Accountants in England and Wales and accredited as a Chartered Accountant with SAICA. She is a former CFO of Tiger Brands Limited and Primedia Limited and an Executive Director of Barloworld Limited and of 9mobile (Nigeria's fourth largest Telco). She founded and led the private equity business of Kagiso Trust Investment Group and is currently a non-executive director of Massmart Holdings Limited and an independent member of the investment committee of CellC. She was formerly a non-exeuctive director of Datatec Limited and Transaction Capital Limited.

 

The Old Mutual Board would like to welcome Funke as a director and look forward to working with her.

 

Sandton

 

Sponsors

Johannesburg Stock Exchange

Merrill Lynch South Africa (Pty) Limited

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

Tokelo Mulaudzi

T: +27 (0)11 217 1042

Investor Relations Manager

E: tmulaudzi3@oldmutual.com

Communications

Tabby Tsengiwe

Head of Communications

T: +27 (11) 217 1953

M: +27 (0)60 547 4947

E: ttsengiwe@oldmutual.com

 

Notes to Editors

 

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 we have a niche business in China. With 175 years of heritage across sub-Saharan Africa, we are 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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