Surprise suspension of Old Mutual CEO Peter Moyo roils markets | IOL Business Report

📆 27/05/2019 12:06:00
📰 IOL

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The share price of Old Mutual Limited declined by 6 percent after the financial services group announced the suspension of its chief executive. busrep

DURBAN – The share price of Old Mutual Limited declined by 6 percent after the financial services group announced the suspension of its chief executive, Peter Moyo, due to a conflict of interest between the two parties. The group said on Friday that the separation was a result of a material breakdown of trust and confidence, which occurred due to the management of conflicts of interest in business relations with related parties.

Moyo led the group in June last year, when it moved its primary listing to the JSE after it was separated from the London-based group. A spokesperson for the company said Old Mutual chairperson Trevor Manuel would provide more information at the insurer’s annual general meeting on Friday afternoon.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Old Mutual suspends CEO Moyo over 'breakdown in trust and confidence' | IOL Business ReportOld Mutual has suspended CEO Peter Moyo with immediate effect, citing 'a material breakdown in trust and confidence between him and the board'. busrep What
Fonte: IOL - 🏆 46. / 51 Leggi di più »