Old Mutual Ltd (OTCPK:ODMUF)

$ 0.6745 0 (0%) Market Cap: 3.05 Bil Enterprise Value: 1.97 Bil PE Ratio: 7.10 PB Ratio: 0.96 GF Score: 52/100

Old Mutual Ltd Appointment of Iain Williamson as Chief Executive Officer Call Transcript

Jul 08, 2020 / 12:00PM GMT

Release Date Price: $0.597808

Transcript

Operator

Good day, ladies and gentlemen, and welcome to Old Mutual's shareholders update. (Operator Instructions) Please note that this conference is being recorded.

I'd now like to hand the conference over to the Chairman of Old Mutual Limited, Mr. Trevor Manuel. Please go ahead, sir.

Trevor Andrew Manuel

Old Mutual Limited - Independent Chairperson of the Board

Thank you very much, Chorus Call. Good afternoon to all of you. It's strange doing a telephone-only call because we've all kind of grown accustomed to video links these days. So it's a useful change and a reminder of what is still possible in the old world. And so thank you for your time.

You'd be aware that we advertised the position of Chief Executive in February. It was a process delayed by the numerous instances of litigation. And after the judgment was handed on the appeal in January, the Board decided it appropriate to proceed. Even after that, there were 2 attempted litigation. The one was an attempted interdict to prevent us from proceeding with the process that was struck down. And

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