OLD MU­TUAL CEO PETER MOYO SUS­PENDED

Weekend Witness - - News -

OLD Mu­tual has sus­pended its CEO Peter Moyo.

In a brief up­date to share­hold­ers yes­ter­day, the group’s board said Moyo had been sus­pended for a “ma­te­rial break­down in trust and con­fi­dence be­tween him and the board”.

Moyo is the CEO of Old Mu­tual Limited and Old Mu­tual Life As­sur­ance Com­pany Limited.

Iain Wil­liamson, Old Mu­tual’s chief op­er­at­ing of­fi­cer, will as­sume the role of act­ing CEO.

The board said it de­cided to sus­pend Moyo af­ter hav­ing “var­i­ous en­gage­ments” with him, but did not pro­vide more in­for­ma­tion. — Fin24.

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