OLD MUTUAL SUSPENDS CEO PETER MOYO

Old Mutual has suspended its CEO Peter Moyo, for a material breakdown in trust and confidence between him and the board The board has in the meantime appointed lain Williamson, Old Mutual’s Chief operating officer, will assume the role of acting CEO. Old Mutual Chair person Trevor Manuel wrote that Moyo’s suspension is not related to performance but as a result of a conflict of interest.

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