The board of directors of Old Mutual announced that Ms. Funke Ighodaro has, in terms of the Board's succession plan, been appointed as Chairperson of Old Mutual's Audit Committee, effective 1 November 2021. Ms. Nosipho Molope, the current chairperson of the Audit Committee, will have served on the Board for 9 consecutive years on 31 October 2021 and will, to ensure an orderly transfer of the role, remain on the Board and its relevant subcommittees (including the Audit Committee) until the next AGM in May 2022. Ms. Ighodaro is currently the audit and risk committee chair of Massmart Holdings Limited and serves as independent non-executive director of Telkom SOC Limited, Sabvest Capital Limited and Ascential Plc, where she is also a member of the audit and remuneration committees.