Old Mutual and Its Fired, Not-Fired CEO in New Spat Over Job
- Insurer says Moyo not required or permitted to resume duties
- Moyo says he will report for duty as planned on Wednesday
Old Mutual company headquarters in Johannesburg, South Africa.
Photographer: Nadine Hutton/Bloomberg
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Old Mutual Ltd., fresh from an embarrassing court ruling that reinstated its fired chief executive officer, is facing another battle over whether Peter Moyo can start working again.
The insurer said late Tuesday it will appeal the Johannesburg High Court judgment and that Moyo is therefore not “required or permitted to resume his duties.” Moyo arrived at the company’s headquarters on Wednesday, and will meet with Old Mutual and his legal team later in the day to resolve the situation, the CEO’s lawyer Eric Mabuza said.