Rectifying past missteps, ditching cumbersome paperwork, mending its relationship with brokers is Old Mutual's new game plan to take back market share lost over the years.
Just eat – a lucky escape for one and an appropriate moniker for most listed companies moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
Old Mutual CEO, Iain Williamson.
Iain Williamson will step down from the boards of Nedbank, citing scheduling challenges with his role as CEO of Old Mutual.
Nedbank on Monday issued a shareholder notice of the board changes.
Williamson will step down from the role of non-executive director of Nedbank at the close of the annual general meeting scheduled on 26 May 2021 and he will do the same following the Nedbank Group s annual general meeting scheduled two days after.
Williamson was appointed to the boards of the companies on 1 June 2020 - this as part of a relationship agreement between old Mutual and Nedbank. As per the agreement, Old Mutual can nominate a director to the boards of the companies, for as long as its shareholding is equal to or greater than 15% in Nedbank group, the statement read.
25 April 2021 - 05:05 By HILARY JOFFE
Last year mining giant Rio Tinto s then CEO Jean-Sébastien Jacques and two executives were forced out by an investor backlash over the company s destruction of Aboriginal people s sacred sites in Australia to expand its flagship iron ore mine. Last month Rio Tinto s chair, Simon Thompson, took the fall for the fiasco too, saying he would step down in the next year.
Don t hold your breath for anything like that in SA. Chairs and boards of SA s big companies have it easy when it comes to hiring and firing.
This article is reserved for Sunday Times subscribers.