"We are delighted at Iain's appointment. Over the last year, acting as Interim CEO, he has worked to steer Old Mutual through some significant leadership and operational challenges," Trevor Manuel, chairman of the board, said in a statement. (Photo: Old Mutual) “We are delighted at Iain’s appointment. Over the last year, acting as Interim CEO, he has worked to steer Old Mutual through some significant leadership and operational challenges,” Trevor Manuel, chairman of the board, said in a statement. (Photo: Old Mutual)

Old Mutual Ltd. named acting CEO Iain Williamson as the African insurer’s permanent head after winning a legal battle against Peter Moyo, who tried to get the CEO job back following his dismissal, according to Bloomberg.

The High Court in Johannesburg in January upheld an appeal by Old Mutual against a judgment delivered in July last year to temporarily reinstate Moyo, who was first suspended two months earlier before being fired. Old Mutual’s board cited a “material breakdown in trust and confidence” over an alleged conflict of interest, which Moyo denies.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected]

More from this author

 

The British Legal Awards (BLA) 2023Event

Celebrating achievement, excellence, and innovation in the legal profession in the UK.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.