Old Mutual Holdings has appointed Barbara Chesire as an Independent Non‑Executive Director, effective 31 March 2026, subject to regulatory approval.
In a notice dated April 2, the company said Chesire brings more than two decades of experience in financial services, risk management, and structured investments across Africa and Asia, adding strength to the board’s overall expertise.
“The Board of Directors is pleased to announce the appointment of Ms. Barbara Chesire as an Independent Non-Executive Director of the Company, with effect from 31 March 2026. The appointment is subject to regulatory approval,” the notice read in part.
Old Mutual Appoints Barbara Chesire as Independent Non‑Executive Director
Barbara Chesire is the co‑founder and managing director of AB Ehrlich Ltd, a Kenya‑based advisory firm that provides services in risk management, financial structuring, and asset management.
Her work involves partnering with governments, development organizations, and private companies on cross‑border financing, blended finance projects, and capacity‑building programs.
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Old Mutual said her experience in investments, business development, and stakeholder engagement within the insurance and financial services sector will help improve board oversight and decision‑making.
The company added that her appointment supports its focus on growing inclusive and sustainable insurance solutions.
Chesire holds an Executive Postgraduate Degree in Global Business from the University of Oxford’s Saïd Business School and a Bachelor of Science degree in Business from the University of Calgary in Canada.
She also serves as a member of the Board of Governors of St Andrew’s School, Turi, and as a trustee of the Mara Elephant Project.
Babara Chesire has previously served on several boards, including a government-appointed task force on Human-Wildlife Conflict Compensation Schemes, where she helped redesign Kenya’s first human-wildlife conflict insurance scheme.
The board welcomed Chesire and said it looks forward to her contribution as the group continues to strengthen governance and expand its financial services offerings.
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Appointment Follows Robert Mbugua’s Retirement and Craig Aitchison’s Departure
The appointment follows recent board changes at Old Mutual Holdings Plc.
In a notice dated March 16, the company confirmed the exit of Robert Mbugua, who stepped down as a Non‑Executive Director after completing his nine‑year term. Mbugua joined the board on 1 July 2017 and was recognized for his contribution to the company’s strategy and governance.
The board also confirmed the resignation of Craig Aitchison as an Executive Director, effective 10 March 2026. Aitchison joined the board on 14 June 2024 and contributed to the group’s strategic direction during his tenure.
“The Board of Directors of Old Mutual Holdings Plc wishes to announce the resignation of Mr Craig Aitchison as an Executive Director, with effect from 10 March 2026,” the notice stated.
