Former Old Mutual CEO Peter Moyo filed an urgent application on Friday to stop the process to appoint a new CEO.
Old Mutual said it has received the urgent application filed by Moyo to interdict the CEO recruitment process. A previous high court judgment that Moyo had been fired illegally was overturned by a full bench on January 14. The judgment allowed Old Mutual to start the process of appointing a new CEO. Moyo had one month to file the appeal but did so on January 28. On February 5, the team asked Old Mutual for an undertaking that it would not continue with the CEO appointment process. On February 10, the company said it would not give the undertaking, which led to the filing of an urgent application to stop the process with the high court on February 14, said Mabuza.
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