20th Jul 2006 10:45
Old Mutual PLC20 July 2006 Old Mutual plc Old Mutual appoints new Group Finance Director Old Mutual plc ("Old Mutual") is pleased to announce the appointment of JonathanNicholls as Group Finance Director. Mr Nicholls joins from Hanson PLC, where hehas been Finance Director since 1998, and will take up his appointment on 1November 2006. He will also be appointed to the Old Mutual plc Board. Mr Nicholls joins Old Mutual after a 10-year career at Hanson PLC and prior tothat 11 years with Abbey National (1985 to 1996). Since his arrival at Hanson in1996, Mr Nicholls has played a key role in the company's successfulrepositioning following three major demergers in 1996/1997. During this periodhe has initiated and, with his team, driven continuous improvement of Hanson'soperations in over 14 countries and the introduction of more rigorous capitalappraisal and strategic planning processes. He has a wealth of M&A experience,reflected in Hanson's successful acquisition of Pioneer International and alarge number of bolt-on acquisitions. He is currently a non-executive directorof Man Group plc. Mr Nicholls succeeds Julian Roberts, who became Chief Executive of Skandia inFebruary 2006. Richard Hoskins, currently Acting Group Finance Director, willbecome Finance Director of Old Mutual's US operations, reporting to ScottPowers, Chief Executive, Old Mutual USA, following handover to JonathanNicholls. Jim Sutcliffe, Chief Executive of Old Mutual plc, said: "I am delighted to welcome Jonathan to Old Mutual plc. He has stronginternational credentials, having looked after Hanson's activities across theworld and I am sure his appointment will prove invaluable to Old Mutual as itpursues its ambition to become a world-class international financial servicesgroup." Jonathan Nicholls, said: "I am very excited to be joining Old Mutual at this important stage in itsdevelopment. I see a real opportunity for me to exercise my skills andexperience within this newly-enlarged Group, particularly the areas of cashmanagement and strategic capital allocation across different businesses andmarkets." 20 July 2006 For further details about Old Mutual plc visit www.oldmutual.com Enquiries: Old Mutual plcMiranda Bellord - Media Relations (UK) + 44 (0) 20 7002 7133Nad Pillay - Media Relations (SA) + 27 11 523 9612 College HillTony Friend + 44 (0) 20 7457 2020Gareth David + 44 (0) 20 7457 2020 Notes to Editors: Jonathan holds a BA (Hons) in Economics and Accountancy from ManchesterUniversity. He is an Associate of the Institute of Chartered Accountants inEngland and Wales (ACA), a Fellow of the Association of Corporate Treasurers(FCT) and also PMD (Programme for Management Development) from Harvard BusinessSchool. Jonathan Nicholls is 48 and lives in the UK with his wife and daughter. Hishobbies include sailing, snowboarding, motorcycling, mountain biking and foodand wine. An abridged CV and photograph are available on Old Mutual's website atwww.oldmutual.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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