OLD Mutual directors and local captains of industry last week honoured Johannes !Gawaxab, MD of Old Mutual Africa, for the 17 years he has been leading the company both in Namibia and the rest of Africa.
!Gawaxab earlier this year announced his decision to go on early retirement in December.
Under !Gawaxab, leadership from his home office in Namibia, the profit contribution of Old Mutual Africa (OMA) increased from N$128 million in 2006 to more than N$1 billion in 2013 and assets under his management rose from N$22 billion to N$64 billion over the same period. He was notably instrumental in the successful acquisition and integration of life and general insurance businesses in Nigeria, Ghana and Swaziland, and the development of solutions relevant to these markets.
!Gawaxab began his journey with Old Mutual in 1998 as CEO of Old Mutual Asset Managers Namibia, a greenfield operation he started and built into the number one asset management company in the country. In 2003, he was promoted to MD of the Old Mutual Group in Namibia.
In March 2006, he was appointed to lead Old Mutual's African businesses outside South Africa - Zimbabwe, Namibia, Kenya and Malawi.
His successor will be appointed in early December 2014. The new Africa MD will continue to be supported by !Gawaxab in the first half of 2015 to ensure a smooth operational transition and continuity of stakeholder relationships across the continent.
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