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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.55 | 3.62% | 44.35 | 44.10 | 44.45 | 44.35 | 42.50 | 44.10 | 54,874 | 13:58:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 196.4B | 7.07B | 1.5005 | 0.35 | 2.5B |
From Apr 2019 to Apr 2024
By Adam Clark
Old Mutual Ltd. (OMU.LN) said Tuesday that it has terminated the employment of Chief Executive Peter Moyo over a conflict of interest.
The South African financial-services company said Mr. Moyo failed to give an acceptable explanation over the payment of dividends from his investment firm NMT Capital while the company's debts to Old Mutual were outstanding. Mr. Moyo was suspended over the issue in May.
"Following unsuccessful attempts to engage on the terms of separation, the board has now resolved to give notice of termination of employment," Old Mutual said.
Old Mutual said it will shortly begin the process to appoint a new CEO. In the meantime, Chief Operating Officer Iain Williamson will continue to head the business.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
June 18, 2019 03:01 ET (07:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Old Mutual Chart |
1 Month Old Mutual Chart |
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