Retiring Old Mutual plc chairperson Mike Levett has resigned as a non-executive director of the boards of Old Mutual subsidiaries Nedcor and Nedbank.
He will be replaced on the Nedcor boards by Bob Head (45), who is currently director responsible for group human resources, brand and strategy at Old Mutual plc, based in London.
Head joined Old Mutual as strategy director in April 2003 and was seconded to Nedcor in 2004 for seven months as acting chief financial officer.
Nedcor chairperson Warren Clewlow said Monday that Head’s extensive experience with the bank during the year made him an ideal candidate for a position as non-executive director and the board looks forward to benefiting from his financial and strategic acumen.
The Nedcor board thanked Levett for the considerable role that he played as a director and as a member of various board sub-committees over the past 17 years. — I-Net Bridge