Old Mutual to seek new CEO urgently via SABCNewsOnline
Old Mutual has been locked in a dispute with Peter Moyo since it suspended him in May 2019, in relation to an alleged conflict of interest involving investment company NMT Capital.following its court victoryThe Johannesburg High Court upheld Old Mutual’s application to appeal an earlier ruling which ordered Old Mutual to temporarily reinstate Moyo as CEO.
Moyo was suspended by the financial services company in May last year and fired in June over alleged conflict of interest relating to an investment firm that Moyo co-founded.Old Mutual Spokesperson Tabby Tsengiwe says: “From a legal stand point, we are very clear about the fact that we are now mandated to proceed with seeking and looking for a permanent CEO.
“Any individual or parties that are involved in litigation do have the right to appeal court rulings and as Old Mutual we will certainly respond to that.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: Old Mutual wins appeal against order reinstating axed CEO Peter MoyoJUST IN: Old Mutual wins appeal against order reinstating axed CEO Peter Moyo | Fin24
Read more »
Old Mutual does not have to reinstate CEO Peter Moyo – court rulesOld Mutual does not have to give fired chief executive Peter Moyo his job back, clearing the way for the giant insurer to find a replacement.
Read more »
Court rules Old Mutual does not have to reinstate ex-CEO Peter MoyoThe high court ruled on Tuesday that Old Mutual does not have to reinstate its sacked chief executive Peter Moyo, upholding the insurance and banking group's appeal against him with costs.
Read more »
Old Mutual vs Moyo, a long and pointless legal sagaFew expected this battle to last as long as it has, but now Old Mutual must get back to work
Read more »
Rand slips as Woolworths, Old Mutual lead stocks higherThe rand slumped to a one month low on Tuesday as data pointed to continued weakness in the economy.
Read more »
Court upholds Old Mutual appeal against Peter Moyo's reinstatementThe High Court ruled on Tuesday that Old Mutual does not have to reinstate its sacked chief executive Peter Moyo, a shift in legal fortunes for the country's No.2 insurer that pushed its shares up almost 4%.
Read more »