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Raimund Snyders appointed as Chief Executive of Mutual & Federal

10 June 2013 Mutual & Federal
Peter Todd

Peter Todd

Raimund Snyders.

Raimund Snyders.

Mutual & Federal, a member of the Old Mutual Group, announces that it has appointed Raimund Snyders as Chief Executive, following Peter Todd’s decision to resign in order to pursue other business interests.

Mr Snyders, who is currently the Chief Operating Officer & Head of Distribution for Old Mutual’s African operations, joined Old Mutual in 1990 and has operated in a variety of roles within Old Mutual South Africa (“OMSA”), including being CEO of the Life company in Namibia before heading the Personal Financial Advice distribution business. He is a qualified advocate by profession and brings a wealth of knowledge of the industry and the Old Mutual Group to the role.

Mike Harper, Chairman of Mutual & Federal, said: “With the expanding cooperation between
OMSA and Mutual & Federal in the creation of iWYZE and stated strategy to expand further
into Africa, Raimund’s background is ideal to lead the Mutual & Federal business into its next
phase of growth.

During his tenure as CEO, Peter brought about significant strategic change, by strengthening the
Executive team, simplifying the organizational structure and building a customer centric culture,
supported by vastly improved information technology and a closer alignment with Old Mutual on
the iWyze and Africa initiatives. We wish Peter all the best in his future endeavors and thank him
for his leadership of Mutual &Federal during his tenure as CEO.”

Peter has agreed to remain at Mutual & Federal for a few months to ensure a smooth handover.

Comments

Added by Fergus, 11 Jun 2013
There was an element of apprehension about the arrival of Mr Peter Todd, especially as he was a relative unknown in the short term insurance world. However, I think that the change he brought about was just beginning to be understood, embraced and adopted as our new way of life. We were looking toward the future positively in anticipation of great things to come. --------- So it is important to say thank you to outgoing CEO, Mr Peter Todd. We wish you well in the future as you pursue your other business interests. ---------- May you have, Walls for the wind, And a roof for the rain, And drinks bedside the fire, Laughter to cheer you, And those you love near you, And all that your heart may desire.
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