Ex-Old Mutual CEO Peter Moyo quits Nedbank board

Fired Old Mutual boss Peter Moyo has resigned from his post on the board of South African financial services group Nedbank. An agreement between Old Mutual and Nedbank allows the insurer to nominate one director to the board as long as it's stake is equal to or greater than 15% in the Nedbank group. "Nedbank Group Chairman, Vassi Naidoo, thanked Peter for his contribution to the group since his appointment in 2018 in terms of the relationship agreement between Old Mutual Limited and Nedbank Group Limited, which provides for Old Mutual Limited to nominate one director to the boards of ...