EMERGING MARKETS DIVISION
Old Mutual headhunts Vodacom’s Peter Moyo
Old Mutual has headhunted the chairman of Vodacom, Peter Moyo, to head its emerging markets arm. Moyo would return to his former employer on June 1 as CEO of Old Mutual Emerging Markets (Omem), replacing Ralph Mupita, who resigned in October, the insurer said. An executive-search firm was given criteria the ideal candidate had to meet and approached individuals that closely matched the criteria, said Old Mutual spokesman William Baldwin-Charles. The candidate needed to have a deep understanding of financial services in SA as well as the technical expertise and hands-on industry experience needed to run a large life company. The candidate had to be an astute and seasoned business person, the insurer said. "We were also looking for a transformation candidate," said Baldwin-Charles. "Over and above that, Peter brings a collegiate leadership style and is a highly skilled relationship-builder, which is critical for Old Mutual and its culture." He paid good attention to detail, was not af...
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