Old Mutual claims axed CEO cannot return because he is busy suing them

Pedro Gonçalves
clock • 2 min read

South Africa's Old Mutual is seeking to overturn Peter Moyo's reinstatement as CEO, saying that he would be unable to fulfil is duties as he is busy suing the insurance company, local media reports. "Mr Moyo will not be returning to office until the appeal process has been completed. It is very clear that there has been an irreparable breakdown in trust and confidence, and that any future working relationship is untenable," it said.  The Johannesburg high court ruled on Tuesday that not only should Moyo be temporarily reinstated in the position but that Old Mutual should not appoint a...

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