O'Sullivan to succeed Collins as chairman
August 5, 2009
Financial services group Old Mutual plc announced on Wednesday that Patrick O'Sullivan will succeed Chris Collins as chairman of the board of Old Mutual when he retires at the end of 2009.
O'Sullivan will join the board and take up the chairmanship on 1 January 2010.
O'Sullivan, 60, has a strong track record in international financial services, including in South Africa.
He recently retired as vice-chairman of Zurich Financial Services, with specific responsibility for Zurich's international businesses including South Africa.
From 2002 to 2007 he was Group Finance Director of Zurich, helping to lead the business through a major restructuring and refinancing, and he was Chief Executive of Eagle Star Insurance Company from 1998 to 2002.
Prior to joining Zurich, O'Sullivan worked in a number of leading investment banks and insurance groups in the UK and Europe.
He is a chartered accountant. He is currently a non-executive director of Bank of Ireland Group, Man Group plc, Collins Stewart plc and COFRA Holding AG, Old Mutual said in a statement.
It is the intention to appoint a further South African non-executive director to Old Mutual's board in the near future, in recognition of the importance of the group's South African businesses, it said.
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