21st Aug 2007 09:00
Old Mutual PLC21 August 2007 Old Mutual plc Ref: 45/07 21 August 2007 OLD MUTUAL APPOINTS RICHARD PYM AS A NON-EXECUTIVE DIRECTOR Old Mutual plc ("Old Mutual"), the international savings and wealth managementgroup, is pleased to announce that Richard Pym has agreed to join the Board asan independent non-executive director with effect from 1 September 2007. Mr Pymwill also become a member of the Group Audit and Risk Committee and is expectedto succeed Norman Broadhurst, who is due to retire from the Board at the AGM inMay 2008, as Chairman of that committee. Mr Pym retired as Group Chief Executive of Alliance & Leicester plc in July2007, a position he had held since 2002. He is currently non-executive Chairmanof Halfords Group plc, the UK car parts, car accessories and cycle retailer. Heis a qualified Chartered Accountant. Chairman of Old Mutual, Chris Collins, said: "I am delighted to welcome Richard Pym to the Board of Old Mutual. His successin the UK banking sector, along with his accounting knowledge and experience inretail financial services, will undoubtably be of considerable value to theCompany." Richard Pym commented: "I am delighted to have been invited to join Old Mutual. Through Skandia, it isan innovative force in the UK market and the company's reputation in itsinternational markets is strong. I look forward to working with Old Mutual'sboard in achieving future success for the group." Pursuant to Listing Rule 9.6.13 (1), details of directorships held by Mr Pym inpublicly quoted companies during the past five years are set out below: Alliance & Leicester plc (ceased 2007) Halfords Group plc (current) Selfridges plc (ceased 2003) Old Mutual also confirms that there are no matters relating to Mr Pym that wouldrequire disclosure under Listing Rules 9.6.13 (2) to (6). Mr Pym does notcurrently have any beneficial interests in Old Mutual shares. Ends Enquiries Investor RelationsAleida van Herel UK +44 (0)20 7002 7287Deward Serfontein SA + 27 (0) 21 509 8709 MediaJames Crampton UK +44 (0)20 7002 7133Nad Pillay SA +27 (0)82 553 7980 Notes to editors Richard Pym Richard Pym was born in 1949. He gained a physics degree from the University ofWarwick in 1971 and qualified as a Chartered Accountant with Thomson McLintockin 1974. After periods at British Gas and BAT Industries, Mr Pym joined TheBurton Group plc, where he held various senior financial and general managementroles including Executive Director. He was recruited to Alliance & Leicester in1992, joined the board as Finance Director and was appointed Managing DirectorRetail Banking in 2001. He was appointed Group Chief Executive of the UK bankinggroup in 2002. He is also currently Chairman of Halfords Group plc and a member of theCommercial Panel of The National Trust. Between 1998 and 2003 he was anon-executive director of Selfridges plc, and between 2004 and 2007 was a VicePresident of the British Bankers Association. Old Mutual Old Mutual plc is an international savings and wealth management company basedin the UK. Originating in South Africa in 1845, the group has a balancedportfolio of businesses offering asset management, life assurance, banking andgeneral insurance services in over 40 countries, primarily South Africa, Europeand the United States. Old Mutual is listed on the London Stock Exchange and theJSE Limited, among others. In the year ended 31 December 2006, the group reported adjusted operating profitof £1.4 billion (IFRS basis). Old Mutual had £263 billion of funds undermanagement and 53,000 employees at 30 June 2007. For further information on Old Mutual plc, please visit the corporate website atwww.oldmutual.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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