Johnson will succeed Phillip Bradley, who will remain in his current position as an executive director until 31 August 2014.
The financial services group also announced the appointment of Paul Hanratty as chief operating officer, who is set to assume the role of an executive director of the company from 1 July 2014. Hanratty will however continue to be a member of the group executive.
“I am delighted that we are able to appoint two such high calibre individuals to the Old Mutual Board. Ingrid will bring an in-depth knowledge of banking and the wider South African financial services environment, while Paul has a wealth of experience in the Group’s insurance and investment businesses and an exceptional understanding of the markets in which we operate,” Julian Roberts, group chief executive, said in a statement.
“With these appointments, the board is well placed to address the further development of group strategy.”
[DATA OML:Old Mutual Plc] provides investment, property, insurance, banking and asset management services in Europe, Africa and Asia. Its brands include Nedbank, Mutual and federal, Old Mutual, and operate under Skandia in the UK, France, Italy and Colombia.
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Johnson is currently the group managing executive of retail and business banking for Nedbank Group Limited, and has been responsible for the strategic repositioning of the two businesses since August 2009. Johnson also has 20 years’ worth of leadership experience in Nedbank a chartered accountant.
She will join the Old Mutual board as an executive director and also become a member of the group executive.
“I would like to pay tribute to Philip Broadley for all that he has achieved since he joined us in November 2008, at the height of the financial crisis. Under his expert stewardship, the group today is a much more resilient business able to focus on meeting our customers’ financial goals,” Roberts added.