Appointment of Ingrid Johnson as Old Mutual PLC Group Finance Director

Mike Brown, Nedbank Group CE commented: "Under Ingrid’s leadership Nedbank Retail has been repositioned into a client-centred and aspirational bank for all with excellent risk management practices and Nedbank Business Banking's strategic positioning has been substantively enhanced. The strength of Nedbank’s franchise has grown significantly as a result. We are sad to see Ingrid leave Nedbank but she has been offered a new and exciting challenge within the greater Old Mutual group. The Group Exco expresses its deep appreciation to Ingrid for her substantial contribution to the Nedbank Group and we wish her every success in her new role. Nedbank has an excellent leadership team and a strong succession pipeline. We have initiated the process to announce Ingrid’s successor well before 1 July 2014"

Ingrid Johnson commented on her appointment: "I wish to thank the Nedbank Group for the diverse career experiences over 20 years that have culminated in having the privilege of fulfilling this new role in Old Mutual plc. Nedbank Retail and Business Banking Clusters are strongly positioned to continue delivering sustainable profitable growth, with downside risk protection for a deteriorating consumer credit cycle. I am confident in the high calibre of the retail and business banking leadership teams to continue on our chosen growth path, leveraging the collaborative and innovative people centred culture, to contribute meaningfully to the group and its stakeholders. I wish the team and our people great success in the future."