• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us

For all official information and updates regarding COVID-19, visit the South African Department of Health's website at www.sacoronavirus.co.za

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Old Mutual suspends CEO

24 May 2019, 10:59 AM  |
SABC Digital News SABC Digital News |  @SABCNews
Peter Moyo

Moyo rejoined the Old Mutual in June 2017 as Chief Executive Officer of Old Mutual Emerging Markets and later Old Mutual Limited, having left in 2005 to take the helm at Alexander Forbes

Peter Moyo

Image: Twitter @MA

Moyo rejoined the Old Mutual in June 2017 as Chief Executive Officer of Old Mutual Emerging Markets and later Old Mutual Limited, having left in 2005 to take the helm at Alexander Forbes

Old Mutual has suspended its Chief Executive Officer (CEO) Peter Moyo. In  a statement the company says that shareholders are advised that the Board has had various engagements with Moyo, the OML and Old Mutual Life Assurance Company Limited (OMLACSA) Chief Executive Officer.

The company says that these engagements have caused the Board to conclude that there has been a material breakdown in trust and confidence between Moyo and the Board.

As a result, the Board has suspended the CEO with immediate effect.

The board of Old Mutual, chaired by former finance minister Trevor
Manuel, has suspended Peter Moyo with immediate effect?? pic.twitter.com/auxwTnTyWg

— Engineer Matshela Koko (@koko_matshela) May 24, 2019

Iain Williamson, Chief Operating Officer (COO) will assume the role of Acting CEO.

Moyo rejoined the Old Mutual in June 2017 as Chief Executive Officer of Old Mutual Emerging Markets and later Old Mutual Limited, having left in 2005 to take the helm at Alexander Forbes.

Before joining Old Mutual, he was a Partner at Ernst & Young, where he also served on the National Executive.

Peter has held various directorships both in the public and private sector; which include chairing the Boards of Vodacom Group Limited, Willis SA Proprietary Limited, CSC SA Proprietary Limited and the audit committee of the Office of the Auditor General. He is a founding director and shareholder of an NMT Capital Group.

He currently serves on the Board of Nedbank Group Limited, Advisory Board of the University of Stellenbosch Business School and is the Chairperson of Business Against Crime South Africa.

Share article
Tags: South AfricaOld MutualPeter MoyoIain Williamson
Previous Post

Batohi confident Cronje is competent for the task at hand

Next Post

What if the May election results applied to local government?

Related Posts

Representatives of Ex-Mine workers at Summit

Mine workers lament claim process for compensation when injured on duty

27 May 2022, 9:39 PM
Damage caused by the recent floods in KZN

Sugar cane farmers in KZN still reeling from recent floods

27 May 2022, 4:47 PM
An entrance to the Optimum Kwagga coal mine owned by Glencore is seen near Hendrina in Mpumalanga province, September 8 2015. REUTERS/Siphiwe Sibeko

US Justice Dept announces over 1 billion dollar settlement deal with Glencore

27 May 2022, 3:25 PM
Transnet logo with a train in the background.

Siyabonga Gama among Transnet senior executives appearing in court

27 May 2022, 12:14 PM
Transnet logo with a train in the background.

Five former Transnet senior executives arrested

27 May 2022, 9:21 AM
The South African Reserve Bank building in Pretoria.

Reserve Bank dealing with a drastically changing economic environment: Naidoo

27 May 2022, 8:28 AM
Next Post
Voters waiting to vote

What if the May election results applied to local government?

Most Viewed

  • 24hrs
  • Week
  • Month
  • EMS says fire at Bree Street Taxi Rank in Johannesburg has been extinguished
  • The public has until 18 May to make submissions on Icasa’s regulations for extension of expiry period for data, airtime
  • ANC NEC expected to hold a special meeting on Sunday
  • Eastern Cape flood victims plead for support as access to food, services remains difficult
  • Amathole Regional Secretary elated to have corruption charges against him dropped
  • Caster Semenya offered to show her body to officials to prove she was female
  • Calls for law enforcement to activate action plan to arrest Namhla Mtwa’s killer
  • Several roads affected due to flooding in parts of KZN
  • Family of Deborah Fraser had hoped she would recover in hospital
  • Gunman kills 18 children, 3 adults in Texas elementary school – Officials
  • SA may be home to world’s oldest person
  • Cosatu’s May Day celebrations descended into chaos, proceedings halted
  • Suspect arrested in connection with Hillary Gardee’s murder
  • [WARNING: GRAPHIC CONTENT] Nigerian student beaten, burned to death over ‘blasphemous’ text messages
  • Meyiwa family breaks silence over Advocate Teffo’s arrest

LATEST

File image: Novak Djokovic of Serbia celebrates after winning his first round match against Hugo Dellien of Bolivia.
  • Sport

I hold no grudges and want to play in Australia again says Djokovic


Representatives of Ex-Mine workers at Summit
  • Business

Mine workers lament claim process for compensation when injured on duty


Bahrain Grand Prix - Bahrain International Circuit, Sakhir, Bahrain - March 20, 2022 Mercedes' Lewis Hamilton and Haas' Kevin Magnussen in action during the race
  • Sport

Mercedes drivers all shaken up after Monaco practice


Professor Toyin Falola answering questions after delivering the 12th Thabo Mbeki lecture
  • Africa

Africa will be defined by success: Prof Falola


Jos Buttler in training for his home country, the UK
  • Sport

Buttler hundred propels Rajasthan into IPL final


A tractor cultivates land on a farm
  • South Africa

Limpopo land reform beneficiaries seek answers on unpaid compensation


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous Hermione Cronje Batohi confident Cronje is competent for the task at hand
Next Voters waiting to vote What if the May election results applied to local government?