{"id":318972,"date":"2019-05-24T08:30:27","date_gmt":"2019-05-24T06:30:27","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=318972"},"modified":"2019-05-24T08:30:27","modified_gmt":"2019-05-24T06:30:27","slug":"old-mutual-suspends-ceo","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/318972\/old-mutual-suspends-ceo\/","title":{"rendered":"Old Mutual suspends CEO"},"content":{"rendered":"<p>Old Mutual has suspended its CEO, Peter Moyo, citing a breakdown in trust.<\/p>\n<p>&#8220;Shareholders are advised that the board has had various engagements with Mr Peter Moyo, the OML and Old Mutual Life Assurance Company Limited CEO,&#8221; the group said in a statement on Friday (24 May).<\/p>\n<p>&#8220;These engagements have caused the Board to conclude that there has been a material breakdown in trust and confidence between him and the board.<\/p>\n<p>&#8220;As a result, the Board has suspended the Chief Executive Officer with immediate effect.&#8221;<\/p>\n<p>Chief operating officer, Iain Williamson, will assume the role of acting CEO.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/304508\/old-mutual-announces-first-financial-results-after-jse-listing\/\" target=\"_blank\" rel=\"noopener noreferrer\">Old Mutual announces first financial results after JSE listing<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Old Mutual has suspended its CEO, Peter Moyo, citing a breakdown in trust.<\/p>\n","protected":false},"author":10,"featured_media":304512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,1110],"class_list":["post-318972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-old-mutual"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/318972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=318972"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/318972\/revisions"}],"predecessor-version":[{"id":318978,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/318972\/revisions\/318978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/304512"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=318972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=318972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=318972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}