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JOHANNESBURG - Old Mutual (LON:OMU) Limited, a leading African financial services group, announced today that CEO Iain Williamson has stepped down from his position and the company’s board following the Annual General Meeting. The change in leadership was made in accordance with the JSE Listings Requirements, as per the company’s statement.
Williamson’s departure concludes his tenure at the helm of Old Mutual, a company with a 179-year legacy in the financial sector across sub-Saharan Africa. The firm, which has its primary operations in Africa and a niche business in China, is known for providing a wide array of financial solutions to both retail and corporate customers in 12 countries.
The announcement follows a previous disclosure on May 9, 2025, that indicated an impending change in the company’s directorate. However, the press release did not name a successor or provide details on the reasons for Williamson’s exit or the direction the company will take following his departure.
Old Mutual has a presence on several stock exchanges, including the Johannesburg Stock Exchange (JSE), with equity and debt sponsors such as Tamela Holdings (Proprietary) Limited and Nedbank Corporate and Investment Banking, respectively. The company also maintains listings on exchanges in Namibia, Zimbabwe, and Malawi.
Investors and other stakeholders have been directed to contact Old Mutual’s Investor Relations or Communications for further inquiries. The announcement of Williamson’s stepping down is based on a press release statement and aligns with the company’s commitment to transparent corporate governance practices.
Old Mutual has not yet made any further announcements regarding the appointment of a new CEO or changes to its strategic direction following this leadership transition.
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