Streaming issues? Report here
702 logo Gradients 702 logo Gradients
Best of 702
22:00 - 00:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of 702
22:00 - 00:00
Home
arrow_forward
Business
fiber_manual_record
Local

Old Mutual makes acting CEO Williamson permanent

3 July 2020 2:49 PM
Tags:
Old Mutual
Peter Moyo
Iain Williamson

Iain Williamson’s appointment ends over a year of uncertainty over who will lead one of the country’s biggest insurers following the abrupt dismissal of former CEO Peter Moyo in June 2019 after a conflict of interest dispute.

JOHANNESBURG - South African insurer Old Mutual said on Friday it had appointed acting CEO Iain Williamson to the position permanently.

Williamson’s appointment ends over a year of uncertainty over who will lead one of the country’s biggest insurers following the abrupt dismissal of former CEO Peter Moyo in June 2019 after a conflict of interest dispute.

Old Mutual said it had conducted a “comprehensive” global search, but in the end had settled on Williamson, an actuary by profession.

Chairman Trevor Manuel welcomed Williamson’s appointment after a year in which he steered the insurer through significant leadership and operational challenges.

“His steady hand, strategic mind, and authentic leadership style has been both refreshing and truly welcomed,” Manuel said in a statement.

The insurer’s shares, which took a hit amid a lengthy court battle that followed Moyo’s dismissal, recouped some earlier losses to stand down 1.18% at 11.57 GMT.

Download the EWN app to your iOS or Android device.


This article first appeared on EWN : Old Mutual makes acting CEO Williamson permanent


3 July 2020 2:49 PM
Tags:
Old Mutual
Peter Moyo
Iain Williamson

More from Business

WhatsApp-message-log-app-smartphone-social-media-texting-technology-123rf

Pyramid schemes: It's greed, you think you stand a better chance than the others

8 August 2020 2:44 PM

National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.

Share this:
Read More arrow_forward

premier-alan-winde-cticc-covid-19-hospitaljpg

Premier Winde calls for alcohol sales ban to be lifted in WC

7 August 2020 5:32 PM

Following a cabinet meeting, Winde said that the province had sufficient health capability to manage COVID-19 patients.

Share this:
Read More arrow_forward

mos-crib-thumbnail-unfilteredjpg

Our Nedbank Business Ignite winners want to do business with YOU!

7 August 2020 9:18 AM

From 50 finalists the three winners have been selected and they represent top adaptive thinking in business right now.

Share this:
Read More arrow_forward

performance-3202707-1920jpg

Nigerian Afrobeats star aims to raise $20m to fund the continent's musicians

6 August 2020 9:03 PM

'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.

Share this:
Read More arrow_forward

oranges-1117628-1920jpg

Good news for local citrus industry: Bumper season expected for US exports

6 August 2020 8:38 PM

Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Former Shoprite CEO joins court battle against alcohol ban - Govt is too slow!

6 August 2020 7:36 PM

Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.

Share this:
Read More arrow_forward

MTN-cellphone-network-service-provider-data-airtime-calls-123rf

MTN to quit Middle East to focus on Africa

6 August 2020 6:55 PM

Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.

Share this:
Read More arrow_forward

afrika-tikkunjpg

SA needs 'the Madiba compassion' more than ever now, says Afrika Tikkun CEO

5 August 2020 8:54 PM

Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.

Share this:
Read More arrow_forward

car insurance short-term cover 123rfbusiness 123rflifestyle 123rf

Why it's a bad idea to ditch or downgrade your car insurance to save on costs

5 August 2020 8:21 PM

Involved in an accident you didn't cause? Third party claims don't pay out much. Wendy Knowler shares one driver's horror story.

Share this:
Read More arrow_forward

liberty-ceo-david-munrojpg

Liberty reports R2.2b loss amid pandemic, but 'capital ratio remains strong'

5 August 2020 7:53 PM

Liberty's David Munro tells The Money Show its R3b pandemic reserve shows the insurer 'truly living out its purpose'.

Share this:
Read More arrow_forward

More from Local

Pneumonia caused by Covid-19 123rf

UPDATE: Gauteng records 143,068 COVID-19 recoveries from 192,767 cases

9 August 2020 10:25 PM

The cumulative number of confirmed cases is 559,585. There were 6,670 new infections and the total number of deaths is 10,408.

Share this:
Read More arrow_forward

paygas-picturejpg

You can now buy a R10 voucher and top up your cylinder at pay-as-you gas station

9 August 2020 1:22 PM

PayGas CEO Philippe Hoeblich says it is ideal to operate from petrol filling stations as they are within a walking distance.

Share this:
Read More arrow_forward

cyril-2jpg

WATCH: President Cyril Ramaphosa delivers Women's Day address

9 August 2020 12:03 PM

Given the national lockdown restrictions on public gatherings, this year’s national day has been televised and celebrated virtually with president Ramaphosa delivering his address remotely.

Share this:
Read More arrow_forward

200808ollygif

ANC in Free State feels betrayed by members who voted against Olly Mlamleli

9 August 2020 8:05 AM

Mlamleli was ousted during a special council meeting on Friday night through a motion of no confidence brought by the Freedom Front Plus.

Share this:
Read More arrow_forward

rama1jpg

Ramaphosa to deliver Women’s Day address

9 August 2020 7:33 AM

Today marks 64 years since the heroic 1956 Women’s March to the Union Buildings against draconian pass laws and their impact on women.

Share this:
Read More arrow_forward

190311buthelezi

Prince Mangosuthu Buthelezi tests positive for COVID-19

8 August 2020 4:04 PM

According to a statement from his family, the 91-year-old veteran politician is currently self-isolating at home and remains asymptomatic.

Share this:
Read More arrow_forward

WhatsApp-message-log-app-smartphone-social-media-texting-technology-123rf

Pyramid schemes: It's greed, you think you stand a better chance than the others

8 August 2020 2:44 PM

National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.

Share this:
Read More arrow_forward

Nedbank Cup: Mamelodi Sundowns Beat EC Bees FC 2-1

SA soccer season returns with Nedbank Cup semi-finals today

8 August 2020 12:02 PM

Baroka and Bloem Celtic will be part of South African football history when they play the first professional game of football in the country since the COVID-19 lockdown began.

Share this:
Read More arrow_forward

Boy Mamabolo

Boy Mamabolo apologises for threats against journalist

8 August 2020 11:55 AM

Mamabolo has admitted that last month his interview with Ngoako Malatji deteriorated, leading to him to utter profanities unbefitting of a public representative.

Share this:
Read More arrow_forward

premier-alan-winde-cticc-covid-19-hospitaljpg

Premier Winde calls for alcohol sales ban to be lifted in WC

7 August 2020 5:32 PM

Following a cabinet meeting, Winde said that the province had sufficient health capability to manage COVID-19 patients.

Share this:
Read More arrow_forward