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Moyo’s attorney cries harassment in court
Old Mutual is forging ahead with plans to appoint a new CEO to replace Peter Moyo. South Africa’s second largest insurance company said it would proceed with its recruitment process while awaiting judgement on Moyo’s application to have the process stopped. Moyo approached the courts to block the hiring process until his application to appeal the January 14 judgement that found Old Mutual lawfully fired him. CNBC Africa’s Fifi Peters caught up with Peter Moyo and his attorney Eric Mabuza.
Tue, 10 Mar 2020 16:12:28 GMT
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AI Generated Summary
- Old Mutual proceeds with CEO recruitment process despite ongoing legal battle with Peter Moyo
- Peter Moyo's attorney alleges harassment and challenges Old Mutual's conduct in court
- Future leadership of Old Mutual and implications for corporate governance at stake in high-stakes dispute
Old Mutual, South Africa's second-largest insurance company, is pushing forward with its plans to appoint a new CEO to replace Peter Moyo. The company intends to proceed with its recruitment process despite an ongoing legal battle with Moyo. The former CEO had approached the courts in an attempt to block the hiring process until his appeal against the January 14 judgement, which found that Old Mutual lawfully fired him, was heard. CNBC Africa's Fifi Peters recently sat down with Peter Moyo and his attorney, Eric Mabuza, to discuss the latest developments in the case.
Mabuza alleged that his client, Peter Moyo, was facing harassment by Old Mutual in court. The legal battle between Moyo and his former employer has been ongoing for some time now, with both parties refusing to back down. Moyo's attorney claimed that the process has been marred by various challenges, including alleged intimidation tactics by the insurance giant. The situation has put a spotlight on the contentious relationship between Moyo and Old Mutual, raising questions about the future leadership of the company.
Despite the legal wrangling, Old Mutual remains steadfast in its decision to move forward with finding a replacement for Moyo. The company's determination to press on with the recruitment process underscores its commitment to ensuring stability and continuity in its leadership. While the outcome of the legal battle remains uncertain, Old Mutual is determined to see this chapter through to its conclusion.
Moyo, on the other hand, continues to fight for his reinstatement and has vowed to challenge the court's ruling. The former CEO remains resolute in his belief that he was wrongfully terminated and is seeking justice through the legal system. Mabuza reiterated his client's position, emphasizing that they will not rest until Moyo's name is cleared and he is reinstated to his former role.
The legal battle between Peter Moyo and Old Mutual has captured the attention of the business community in South Africa and beyond. The outcome of this case could have far-reaching implications for both parties involved, as well as the broader corporate governance landscape in the country. As the legal proceedings continue to unfold, all eyes will be on the courts to see how this high-stakes dispute will be resolved.
In the midst of this legal saga, one thing remains certain – the future leadership of Old Mutual hangs in the balance. The appointment of a new CEO will be a pivotal moment for the company, shaping its direction and strategy in the years to come. As the battle between Peter Moyo and Old Mutual rages on, the business world eagerly awaits the final verdict that will determine the next chapter in this ongoing dispute.
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