1st Sep 2009 07:00
Ref 64/09
1 September 2009
PAUL HANRATTY APPOINTED AS OMLACSA BOARD CHAIRMANOld Mutual plc ("Old Mutual") announces that Paul Hanratty has been appointed as executive Chairman of Old Mutual Life Assurance Company (South Africa) Limited ("OMLACSA") with effect from 1 September 2009. He succeeds Professor Andreas van Wyk, who has served as non-executive Chairman since 2008. Mr. Hanratty has been an executive member of the Board of OMLACSA since 2006 in his capacity as Chief Executive of Old Mutual South Africa ("OMSA"). As previously announced, he assumes the position of Chief Executive of Old Mutual's Long-Term Savings Division from 1 September 2009. Julian Roberts, Group Chief Executive of Old Mutual, commented:
"We are very pleased that Paul has agreed to take up Chairmanship of the OMLACSA Board. His extensive knowledge of the industry and of Old Mutual South Africa and his leadership skills make him ideal to take over as Chairman. I would like to express my appreciation to Professor van Wyk for his leadership of the Board. We are also delighted that he will continue to serve on the Board as an independent Director."
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com
Enquiries
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Investor Relations |
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Patrick Bowes |
UK |
+44 (0)20 7002 7440 |
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Deward Serfontein |
SA |
+27 (0)82 810 5672 |
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Media |
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Matthew Gregorowski |
UK / SA |
+44 (0)20 7002 7133 |
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+44 (0)7748 183 834 |
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Don Hunter (Finsbury) |
UK |
+44 (0)20 7251 3801 |
Notes to Editors
Old Mutual
Old Mutual plc is a leading international long-term savings Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.
In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.
Paul Hanratty
Paul Hanratty joined OMSA in 1984 and has served the company in a variety of roles including actuarial, employee benefits and product development. Paul was appointed as Managing Director of OMSA in 2006.
Related Shares:
Old Mutual PLC