Old Mutual CEO Iain Williamson has opted to take early retirement, the insurer announced in a statement on Sens on Monday.
He will step down as CEO – a position he occupied for five years – on 31 August.
Williamson, a qualified actuary and life insurance expert, has been with Old Mutual for 32 years.
“The board has accepted Mr Williamson’s request to take early retirement [and] has initiated a process … to identify a new CEO. The board intends to conclude this process expeditiously,” it notes in the statement.
In January, Williamson was part of a South African business delegation that travelled with the government to Davos, Switzerland, for the annual World Economic Forum gathering to promote South Africa as an investment destination.
Listen to Moneyweb editor Ryk van Niekerk’s interview with Iain Williamson in this RSG podcast (Afrikaans introduction, English interview):
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