Old Mutual group finance director to leave in 2014

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Philip Broadley, group finance director at Old Mutual PLC, has notified the group that he intends to leave sometime during 2014.

“I joined the group just over five years ago to work with Julian Roberts and my colleagues with a clear task to transform both the structure of the group and the way it did business. I am very proud of what we have all achieved over this period,” he said.

“The group today is a much simpler and more resilient business, focused on meeting our customers’ financial goals, and with a clear strategy for growth. I judge the time is right for me to move on to the next stage of my career and I wish my colleagues every success as they continue to grow Old Mutual.”

Broadley will continue as group finance director until a successor has been appointed and there has been a proper transition of responsibilities.

Julian Roberts, [DATA OML:Old Mutual]’s group chief executive said, “When Philip joined the group in 2008, our financial position was seriously challenged. The group is in a very different position today with improved levels of cashflow, reduced gearing, strong capital and a reduction in overall group risks which is testament to the significant contribution Philip has made.”

“His desire to continue until a successor is appointed will enable a smooth transition as we continue to prudently manage our growth strategy,” Roberts stated.

The transition is expected to take place after the company’s Annual General Meeting in May 2014.