Old Mutual plc today announced that Ralph Mupita, CEO of Old Mutua Emerging Markets
has tendered his resignation, in order to pursue interests outside of the financial services industry. The search process for his success will be launched immediately.
“Mr Mupita has a notice period of 3 months a will continue in post during that time. OMEM like the
rest of the Old Mutual businesse is currently going through a business readiness programme as part
of Old Mutual’s managed separation process. This is not affected by today’s announcement and
continue as planned,” the company said in a statement.
Bruce Hemphil, Old Mutual plc CEO and Chairman of OMEM, said:
“On behalf of Old Mutual, I would like to thank Ralph for his dedicated leadership of the OMEM
business over the last five years. He has been an excellent leader and we wish him well in his future
endeavoours.
“I will work very closely with OMEM’s strong and deep management team to ensure there is no
disruption to the business or its customers while we seek Ralph’s successor. Meanwhile, the
managed separation process is unchanged and we will continue to maintain our engagement with key
stakeholders throughout.”
Ralph Mupita said:
“I have spent 16 great years at Old Mutual, and believe that I have made a contribution to the growth
and development of the business over that time. But I feel the time is right for me to pursue other
challenges outside of the industry.
“Old Mutual plays an important role in the socio-economic transformation of South Africa and the
other key markets in which it operates, and it has been a privilege to have been part of such an
august and iconic institution. I wish the business every success in the future.”
ENDS
