Old Mutual CEO suspended, shares slide

PUBLISHED: Fri, 24 May 2019 10:14:16 GMT

One of Africa’s oldest financial services company has suspended one of the continent’s best known CEOs. Old Mutual has suspended Peter Moyo for what it has called a “material breakdown of trust.” It delivered the news in an email to staff. The board chaired by former South African finance minister Trevor Manual has put chief operating officer Iain Williamson in as acting CEO.

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