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Share Name Share Symbol Market Type Share ISIN Share Description
Old Mutual Limited LSE:OMU London Ordinary Share ZAE000255360 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.56p -1.33% 115.34p 115.90p 116.14p 119.58p 115.72p 119.58p 4,643,362 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Old Mutual Board Suspends CEO Peter Moyo

24/05/2019 7:34am

Dow Jones News


Old Mutual (LSE:OMU)
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By Adriano Marchese

 

Old Mutual Ltd. (OMU.LN) Friday said that the board has suspended Peter Moyo, its chief executive, with immediate effect.

The South African insurer cited a "material breakdown in trust and confidence" between the board and Mr. Moyo. Old Mutual did not provide any further details.

The company said Chief Operating Officer Iain Williamson will assume the role of acting chief executive. Mr. Moyo has been with Old Mutual since June 2017.

 

Write to Adriano Marchese at adriano.marchese@dowjones.com

 

(END) Dow Jones Newswires

May 24, 2019 02:19 ET (06:19 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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