By George Ndeto
Old Mutual Holdings PLC has announced changes to its board following the resignation of an executive director and the retirement of a long-serving non-executive director, both effective from 10 March 2026.
In a notice issued on 16 March 2026, the board confirmed that Craig Aitchison had stepped down as an Executive Director. He joined the board on 14 June 2024 and, during his time in office, contributed to shaping the group’s strategy and strengthening governance structures.
The board noted that Aitchison chaired the Committee for Customer Affairs, where he oversaw the execution of customer-focused strategies, including market conduct, distribution channels, and the committee’s role in advancing the company’s sustainability agenda. He also served on the Technology, Digital and Innovation Committee, offering guidance on digital transformation, innovation, governance, and technology-related risks. Despite his relatively brief tenure, the board acknowledged the value of his contributions.
At the same time, the company confirmed the retirement of Robert Mbugua as a Non-Executive Director after completing a nine-year term. Mbugua joined the board on 1 July 2017 and played a key role in supporting the company’s strategic direction and governance oversight.
During his tenure, he chaired the Board Risk and Compliance Committee, where he led efforts to strengthen risk management frameworks, enhance regulatory compliance, and improve stakeholder engagement. He also previously headed the Board Audit Committee, overseeing financial reporting, tax matters, balance sheet restructuring, and the reinforcement of internal controls and governance systems.
The board praised Mbugua not only for his technical expertise but also for his character, highlighting his sincerity, humility, and strong commitment to the company’s success, which positively influenced board deliberations.
Old Mutual Holdings expressed its appreciation to both directors for their service and wished them well in their future endeavors. The notice was issued by order of the board and signed by Group Company Secretary and Legal Counsel Nannette Miingi, in line with the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023, and with the approval of the Capital Markets Authority.
