South Africa's Old Mutual, Peter Moyo Tussle Far From Over
South African Insurance giant Old Mutual has confirmed that it sent a legal letter to former CEO Peter Moyo's attorneys, to provide clarity that it would not be seeking further court intervention relating to Moyo's second letter of termination, but has not "backed down" from its ongoing appeal process against an earlier judgement handed down in the High Court in the matter. Old Mutual chairperson Trevor Manuel has meanwhile spurned shareholder calls for him and other board members to resign over the axing of Peter Moyo. Meanwhile, one of Old Mutual's director's Nombulelo Moholi has resigned a year before her tenure expires - this as Moyo plans on suing all the board members in their personal capacity. Speculation is also growing on just how much Moyo will receive from Old Mutual, whether he goes or stays.
Old Mutual in Johannesburg.
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 »
Peter Moyo, the chief executive of Old Mutual Limited and Old Mutual Life Assurance Company Limited, has been Read more »
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 ... Read more »
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