Old Mutual sacks chief executive Peter Moyo

Pedro Gonçalves
clock • 2 min read

South Africa's Old Mutual has sacked its chief executive Peter Moyo, a month after suspending him due to a conflict of interest. The board gave Moyo a "notice of termination of employment" and will "shortly" start the process to find his replacement, the insurer said in a statement. Chief operations officer Iain Williamson will continue as acting CEO.  The insurer said Moyo's actions since his suspension in May "contravened his fiduciary duties" to Old Mutual. "Following unsuccessful attempts to engage on the terms of separation, the board has now resolved to give notice of termina...

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