Skandia reshuffles board to admit Old Mutual

Sutcliffe is one of four Old Mutual directors to join the Skandia board as part of the takeover. The rest are Julian Roberts, group finance director at Old Mutual, Norman Broadhurst, who holds a non-executive directorship at the South African insurance firm and Michael Newman, who is chairman of strategic interests, as well as holding several directorships at Old Mutual. There are two further additions to the board. Björn Björnsson and Lars Otterbeck have been appointed as independent directors. Björnsson, who is recommended for re-election, is vice chairman of Skandia and chairs the Bo...