SOUTH African financial services firm Old Mutual Limited’s chief executive officer, Iain Williamson, will step down from his role on August 31, 2025, the company said yesterday.
Old Mutual Limited is the parent company of Old Mutual Zimbabwe Limited, one of the country's biggest financial services firms.
In a statement yesterday, Old Mutual Limited said: “In compliance with paragraph 3,59 of the Listing Requirements of the JSE Limited, Old Mutual Limited hereby announces that Iain Williamson will take early retirement and step down as chief executive officer and executive director of the company on 31 August 2025.
“The board has accepted Williamson’s request to take early retirement after 32 years with the Old Mutual Group, the last five as CEO, and extends its heartfelt thanks for his remarkable commitment and service to the company, its clients and the industry.”
The group said Williamson was leaving Old Mutual as a stronger, more resilient and innovative company that was ideally positioned for growth.
“Iain will work with the Old Mutual board and his successor, upon their appointment, to ensure a smooth and managed handover,” it said.
“The board has initiated a process, considering internal and external candidates, to identify a new CEO to lead the company through its next phase of growth and innovation. The board intends to conclude this process expeditiously.”
During Williamson’s tenure, the group was able to push for the adoption of innovative new products that were digital in South Africa and in other markets.
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As of June last year, the group had total assets worth ZAR1,16 trillion and assets under management totalling ZAR863,5 billion.
