OldMutualFin24 reports that Old Mutual Personal Finance Managing Director Karabo Morule has stepped down, citing personal reasons.  

In a statement on Friday evening, Old Mutual announced that although the resignation was effective from 18 October, she would remain in her role for three months to assist with the transition to an internal successor.  The insurer said it was "confident that its leadership bench strength" would yield a suitable successor.  Acting CEO Iain Williamson expressed appreciation for Morule's contribution to the company since she joined in 2010.  Old Mutual has been rocked by a series of leadership shocks in recent months.  Amid a drawn-out court battle with axed CEO Peter Moyo, the firm also saw the recent resignation of director Nombulelo Pinky Moholi.

Get other news reports at the SA Labour News home page