By Lehlohonolo Lehana.
Old Mutual Group has confirmed that Iain Williamson will be stepping down as the CEO and executive director of the company on 31 August 2025.
Williamson joined Old Mutual in 1993. After various roles in employee benefits and personal finance, he relocated to London for a Corporate Development role at the then Old Mutual plc.
In 2003, he returned to South Africa and served in various roles in distribution, technology, and finance.
Williamson was soon promoted to CFO of Retail Affluent and subsequently Managing Director of the Retail Affluent segment.
He was appointed as Old Mutual Emerging Markets’ Finance Director in 2015 and Chief Operating Officer in 2017.
The board accepted Williamson’s request to take early retirement after 32 years with the insurer, having spent the last five as CEO.
In a statement, the board said it extends its heartfelt thanks for his remarkable commitment and service to the company, its clients and the industry.
“He will leave Old Mutual a stronger, more resilient, and more innovative company that is ideally positioned to grow and thrive into the future.”
“Iain will work with the Old Mutual Board and his successor upon their appointment to ensure a smooth and managed handover.”
The board has initiated a process, considering internal and external candidates, to identify a new CEO to lead the company through its next phase of growth and innovation.
Williamson was appointed in May 2019 after former CEO Peter Moyo was suspended for an alleged conflict of interest.