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Old Mutual PLC (OML)

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Friday 06 August, 2010

Old Mutual PLC

Directorate Change

RNS Number : 6457Q
Old Mutual PLC
06 August 2010

Ref 128/10



6 August 2010




Old Mutual plc ("Old Mutual") is pleased to announce that Roger Marshall was appointed to the Board of Old Mutual on 5 August 2010 as an independent non-executive director.  Mr Marshall will also become Chairman of the Group Audit Committee in succession to Richard Pym, who has announced his retirement from the Board at the end of his current three-year term at the end of August.

Mr Marshall, 61, was formerly an audit partner in PricewaterhouseCoopers. He led the audit of a number of major groups, including Zurich Financial Services from 2003 to 2007 and Lloyds TSB from 1999 to 2003. Outside appointments included six years on the Accounting Standards Board. He is currently a member of the FRC Public Oversight Board.

Patrick O'Sullivan, Chairman of Old Mutual, said:

"We are very pleased that Roger is joining the Board with his valuable knowledge and insight into financial services businesses and their accounts.  We are very grateful to Richard Pym for his contribution to the Group over the past three years and understand that the pressure of his other commitments made it necessary for him to step down from our Board."

Roger Marshall commented:

"I look forward to being a member of the Board of Old Mutual at a time when the Group is embarking on substantial change as part of its new strategy announced in March."

Richard Pym said:

"I have enjoyed my time on the Old Mutual board and am pleased with the progress the Group has made, particularly over the last two years, in delivering against its strategic objectives. I wish my colleagues every success in continuing this delivery."

Pursuant to Listing Rule 9.6.13 (1), Mr Marshall has held no directorships in publicly quoted companies during the past five years.  Old Mutual confirms that there are no matters relating to Mr Marshall that would require disclosure under Listing Rules 9.6.13 (2) to (6).  Mr Marshall does not currently have an interest in any Old Mutual shares.


For further information on Old Mutual plc, please visit the corporate website at





External Communications

Patrick Bowes


+44 (0)20 7002 7440

Investor Relations

Deward Serfontein


+27 (0)82 810 5672

Aleida White


+44 (0)20 7002 7287


Don Hunter (Finsbury)


+44 (0)20 7251 3801


Notes to Editors


Old Mutual


Old Mutual plc is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.


In the year ended 31 December 2009, the Group reported adjusted operating profit before tax of £1.2 billion (on an IFRS basis) and had £285 billion of funds under management at the year end.  The Group has approximately 54,000 employees.






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