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Judgment reserved in Peter Moyo bid to stop Old Mutual hiring new CEO

The company stated that the process to appoint a permanent CEO would continue in the interim.

FILE: Peter Moyo in the Johannesburg High Court on 18 July 2019. Picture: Nthakoana Ngatane/EWN

JOHANNESBURG - The South Gauteng High Court on Tuesday reserved judgment in the urgent application brought by former CEO Peter Moyo to interdict Old Mutual from continuing with the process to hire a permanent CEO.

The company stated that the process to appoint a permanent CEO would continue in the interim.

Old Mutual has been locked in a dispute with Moyo since it suspended him in May last year in relation to an alleged conflict of interest.