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Old Mutual Shareholders Want End to Board, CEO Peter Moyo Saga
Peter Moyo the former CEO of African insurance giant Old Mutual, a South African firm, was first suspended then fired by the board for a breakdown in trust. Moyo turned to the courts who temporarily reinstated him to his position but this decision was appealed by Old Mutual whose legal team said the appeal made the court order null and void. Moyo's attorneys disagreed and went on to file the second part of his case last week in which Moyo wanted the entire Old Mutual board, including chairman Trevor Manuel, South Africa's former finance minister, declared delinquent. Now shareholders have told the board to clear the matter with Peter Moyo, even settling with a payout if necessary - but will Moyo bite and leave? In the meantime, Moyo has been handed a second termination letter - a move labelled by his attorney Eric Mabuza as "madness."
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South Africa: Old Mutual Chair Trevor Manuel Breaks His Silence About Moyo Battle
Daily Maverick, 23 August 2019
For the first time, Old Mutual board chair Trevor Manuel has spoken publicly about the dust-up between the insurer and axed CEO Peter Moyo, who was sacked again on 21 August. Read more »
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South Africa: Old Mutual's Peter Moyo Fired a Second Time
allAfrica, 22 August 2019
In response to a Old Mutual shareholder request for the board to finalize matters with CEO Peter Moyo, the insurer has fired him for the second time. Read more »
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South Africa: Moyo vs Old Mutual - 5 Reasons Why the Corporate Warfare Continues
News24Wire, 15 August 2019
The Gauteng High Court in Johannesburg will on Friday hear round two of the legal battle between on-and-off again Old Mutual CEO Peter Moyo and the company. Read more »
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South Africa: Shareholders to Old Mutual Board - Fix the Drawn-Out Moyo Impasse
Daily Maverick, 18 August 2019
For the first time, the insurer's institutional shareholders have voiced their concerns about the punch-up between Old Mutual and axed CEO Peter Moyo, which is playing out before… Read more »
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South Africa: Old Mutual Confirms Court Papers Opposing Peter Moyo's Application to be Filed Next Week
Old Mutual, 5 July 2019
Old Mutual confirms it intends to file papers opposing the application by former CEO Peter Moyo to be reinstated, amongst other things, next week. Read more »
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South Africa: Old Mutual's Battle With Peter Moyo Is Not Only About a Conflict of Interest
Daily Maverick, 15 July 2019
At the heart of the dispute between Old Mutual and sacked CEO Peter Moyo is NMT Capital, an investment firm Moyo co-founded with business titans Sango Ntsaluba and Thabiso Tlelai.… Read more »
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South Africa: Peter Moyo's Battle With Old Mutual Is Far From Over
Daily Maverick, 30 July 2019
Now that a high court has ruled that Peter Moyo should be reinstated as CEO, he is still gunning for Old Mutual chairman Trevor Manuel and 12 board members. Moyo wants Manuel and… Read more »
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South Africa: Old Mutual's Unholy Mess
Daily Maverick, 27 May 2019
The Old Mutual board ignored a red flag when it appointed Peter Moyo in 2017, insisting that conflict of interest challenges could be managed. They couldn't. Now the board must… Read more »
InFocus
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Financial services giant Old Mutual has been dealt a blow by a high court ruling that temporarily reinstates Peter Moyo to his position as CEO, after his suspension and subsequent ... Read more »
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The former CEO of Africa's biggest life insurer, Old Mutual, is taking his former employer to court for first suspending and now firing him, citing a conflict of interest relating ... Read more »
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Peter Moyo, the chief executive of Old Mutual Limited and Old Mutual Life Assurance Company Limited, has been Read more »
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Old Mutual's former CEO Peter Moyo will not go quietly as he fights for reinstatement in the South Gauteng High Court. In papers, he is asking the court to declare board chairman ... Read more »
