Old Mutual Plc (LON:OML) announced today that its chief operating officer, Paul Hanratty, is to leave the company in a year’s time. Following is the company’s statement.
Statement by Old Mutual:
The Board of Old Mutual plc announces that Paul Hanratty, Chief Operating Officer, will be leaving the Group. The Board wishes to thank Paul for his exceptional contribution to the Group both in South Africa and in the UK over many years.
It is envisaged that Mr Hanratty will work and remain on the Board until the announcement in March 2016 of the Company's preliminary results for the financial year ending 31 December 2015. He will then step down from the Board, but will remain available to the Group until the end of his 12-month notice period which will expire on 14 September 2016.
Commenting, Paul Hanratty, said:
"I have been privileged to work at Old Mutual over a period when the company has developed exceptional businesses in both Africa and the UK.
"I would like to wish everyone at Old Mutual the best for the next chapter in its ongoing development."
Julian Roberts, Group Chief Executive, said:
"Paul has dedicated over 30 years to Old Mutual both in South Africa and more recently at Group level. We are very grateful for his outstanding contribution to the success of the Company over his long career with us and wish him every success for the future."