Old Mutual Board Suspends CEO Peter Moyo
May 24 2019 - 2:34AM
Dow Jones News
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.
Old Mutual (LSE:OMU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Old Mutual (LSE:OMU)
Historical Stock Chart
From Apr 2023 to Apr 2024