Ralph Mupita steps down as Old Mutual Boss

By TheABFortune

Ralph Mupita is stepping down as the CEO of Old Mutual Emerging Markets (OMEM), in a statement released by the insurer, he has tendered his resignation in order to pursue interests outside of the financial services industry.

The search process for his successor will be launched imminently. Mupita has a notice period of 3 months and will continue in post during that time.

“I will work very closely with OMEM’s strong and deep management team to ensure there is no disruption to the business or its customers while we seek Ralph’s successor. Meanwhile, the managed separation process is unchanged and we will continue to maintain our engagement with key stakeholders throughout.” Bruce Hemphill, Old Mutual plc CEO and Chairman of OMEM said.

Ralph Mupita in said that he has spent 16 great years at Old Mutual, and he believe that he has made contribution to the growth and development of the business over that time.

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“But I feel the time is right for me to pursue other challenges outside of the industry.” He said.

Mupita was one of 30 high profile CEO’s who attended the SA Tomorrow Investor Conference in New York earlier this month.

He has participated in the conference over the last three years and returned to the country pleasantly surprised by significant amount of interest from US investor wanting to engage and talk to the South African delegation.