South Africa's Old Mutual Ltd suspends CEO

clock • 1 min read

South-African headquartered financial services company Old Mutual Limited has announced that it suspended its chief executive after a fallout with the board. In a stock exchange announcement earlier this morning, the financial giant said that its board has had "various engagements" with chief executive Peter Moyo as it came to make its decision. Current chief operating officer Iain Williamson will serve as chief executive on an interim basis. "These engagements have caused the board to ...

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