Peter Moyo leaves Vodacom, joins Old Mutual

Vodacom Group chairman, Zimbabwean-born, Peter Mthandazo Moyo will retire and step down from the Vodacom Board at the forthcoming annual general meeting to be held on Tuesday 18 July 2017.

Mr Moyo will be joining Old Mutual Emerging Markets as its CEO in June 2017.

The Board would like to take this opportunity to thank Peter for his leadership and dedication to the Board and Vodacom over the past 7 years. Peter joined Vodacom at listing in May 2009 and has made a considerable contribution to the Board both in its governance and in its deliberations. The Board wishes him much success in his new role at Old Mutual.

Moyo said, "I am looking forward to leading OMEM during this exciting and important time. I am returning to a business which I admire and I am very excited about working closely with Trevor Manuel and the rest of the leadership team to shape the future of OMEM."

The Board is in the process of identifying a new independent chairman and a further announcement will be made in due course.

Moyo is Group CEO and shareholder of the Amabhubesi Group. He hold directorships in various Amabhubesi Group companies. He is also chairman of Willis South Africa and CSC South Africa.

In addition, he is non-executive director of Liberty Holdings and Liberty Group.