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Old Mutual suspends CEO Peter Moyo

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Christian Fernsby | Cape Town, South Africa | May 24, 2019
Peter MoyoOld Mutual Limited announced that the board has had various engagements with Peter Moyo, the OML and Old Mutual Life Assurance Company Limited (OMLACSA) chief executive officer.
These engagements have caused the Board to conclude that there has been a material breakdown in trust and confidence between him and the Board.

As a result, the Board has suspended the Chief Executive Officer.

Mr. Moyo rejoined the Old Mutual in June 2017 as Chief Executive Officer of Old Mutual Emerging Markets and later Old Mutual Limited, having left in 2005 to take the helm at Alexander Forbes.

Before joining Old Mutual, Mr. Moyo was a Partner at Ernst and Young, where he also served on the National Executive.

Mr. Moyo has held various directorships both in the public and private sector; which include chairing the Boards of Vodacom Group Limited, Willis SA Proprietary Limited, CSC SA Proprietary Limited and the audit committee of the Office of the Auditor General.

Mr. Moyo is a founding director and shareholder of an NMT Capital Group.

He currently serves on the Board of Nedbank Group Limited, Advisory Board of the University of Stellenbosch Business School.


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