Old Mutual has confirmed the appointment to the Board of Directors of its new Chairman, Patrick O’Sullivan, with effect from 1 January 2010. Chris Collins, the former Chairman, retired from the Board on 31 December 2009.
Julian Roberts, Group Chief Executive of Old Mutual, commented: “We are delighted that Patrick has joined us as our new Chairman following the retirement of Chris Collins. We thank Chris for his guidance and management of the Board throughout his tenure and particularly during the extraordinarily tough market conditions of the last 18 months.
‘Patrick brings with him considerable experience of international financial services groups and restructuring and I look forward to his counsel and contribution to the future development of the Group in building long-term shareholder value.”
In accordance with Listing Rule 9.6.13, the following directorships have been held by Patrick O’Sullivan in other publicly quoted companies during the past five years:
- Man Group plc (non-executive Director – current)
- Bank Of Ireland (non-executive Director – current)
- Collins Stewart plc (non-executive Director – ceased December 2009)
- Zurich Financial Services Group (executive Director – ceased April 2009)
There are no other matters for disclosure under Listing Rule 9.6.13 relating to Mr O’Sullivan.
