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Old Mutual finally names new chief executive officer - Outdated Mutual lastly names new chief government officer

Outdated Mutual lastly names new chief government officer

Outdated Mutual on Friday (three July), introduced the appointment of Iain Williamson as chief government officer, efficient instantly.

He replaces Peter Moyo, who has had a long-running dispute with the group, following allegations of a battle of curiosity.

The appointment concludes an intensive course of initiated by the board to nominate a everlasting chief government for the group, Outdated Mutual mentioned in a press release.

“A seasoned government with practically 30 years’ expertise constructed throughout the Outdated Mutual Group, Williamson has lengthy performed a strategic function in shaping the enterprise into the premium Pan-African monetary providers big that it’s immediately, championing mutually constructive futures for its greater than 13-million prospects,” it mentioned.

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Williamson joined Outdated Mutual in 1993 and following numerous roles throughout worker advantages and private finance, he relocated to London to a Company Growth function on the then Outdated Mutual plc.

In 2003, he returned to South Africa, serving in plenty of roles throughout distribution, expertise and finance earlier than being promoted to CFO: Retail Prosperous and subsequently managing director of the Retail Prosperous section.

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He was appointed as Outdated Mutual Rising Markets’ finance director in 2015, after which as chief working officer in 2017.

Williamson has twice acted as interim chief government officer, first in 2017 after which once more since Might 2019 thus far.

“We’re delighted at Iain’s appointment. Over the past 12 months, Iain has labored to steer Outdated Mutual by some vital management and operational challenges, demonstrating resilience and an acute sense of enterprise acumen aligned to the Group’s values, function, and technique,” mentioned Outdated Mutual chairperson, Trevor Manuel.

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“On behalf of the board, we want to thank him for his contribution throughout this time. We’re assured that he’ll proceed to galvanise the organisation across the supply of its technique and function and we sit up for working with him on this regard.”

Learn: Outdated Mutual says it’s nonetheless in search of a everlasting substitute for Peter Moyo

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