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Old Mutual Ltd announced on Friday it has appointed an outsider, Jurie Strydom, as its chief executive officer designate. The Anglo-South African financial services firm said Strydom will start working as CEO designate, alongside outgoing CEO Iain Williamson, until the conclusion of the annual general meeting on May 30. He will become CEO on June 1. Strydom will replace Williamson following a ‘rigorous and expedited’ process that started in February. Williamson, in February, decided to take early retirement. Williamson will continue as board director until the conclusion of the AGM, and then remain available to advise and support Strydom and the board until his retirement on August 31, Old Mutual said. Strydom previously served as CEO of Sanlam Life & Savings, Regent Insurance Group and Alexander Forbes Life. he was an executive director at Imperial Holdings. ‘The board was looking for: an experienced financial services CEO with strategic grip, an exceptional operational track record, and who had led diverse teams, driven successful transformation, and understood financial technology - and we found someone who ticked these boxes,’ Old Mutual Chair Trevor Manuel said. ‘Jurie is a proven leader with outstanding experience of building and leading diverse teams at large and complex insurance and financial services companies,’ Manuel said, adding: ‘As a board member, Jurie has demonstrated exceptional strategic vision and has a clear focus on the critical business levers necessary to implement the company’s strategic priorities, enhance our market position, and achieve growing profitability.’ In London, Old Mutual shares were up 3.4% to 47.50 pence on Friday morning, and they were up 4.0% to R 11.40 in Johannesburg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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