Chesnara PLC Directorate Change (5427R)
July 01 2020 - 1:00AM
UK Regulatory
TIDMCSN
RNS Number : 5427R
Chesnara PLC
01 July 2020
CHESNARA plc
("Chesnara" or "the Company")
1 July 2020
LEI Number: 213800VFRMBRTSZ3SJ06
NOTICE OF CHANGES TO INDEPENDENT NON EXECUTIVE DIRECTORS
Chesnara plc today announces that David Brand will step down
from the Board with immediate effect as, after securing regulatory
approval, he takes up the role as Chairman of the Company's UK
business Countrywide Assured plc.
As a result of this change, the Company is also pleased to
announce the appointment of Eamonn Flanagan as independent
Non-Executive Director with immediate effect. Eamonn will join the
Chesnara plc Nomination & Governance Committee, Audit &
Risk Committee and Remuneration Committee as well as becoming a Non
-- Executive Director on the Board and Audit & Risk Committee
of Countrywide Assured plc.
Eamonn has extensive operational experience in financial
services in roles with Royal Insurance and Charterhouse/ING
Barings. He also brings executive and markets experience from Shore
Capital Markets where he was a Director and co-founder, as well as
Non-executive experience from AJ Bell, Randall & Quilter and
previously at JLT. Eamonn is a Fellow of the Institute of
Actuaries.
Chairman Luke Savage commented:
'David, with his wealth of experience and knowledge of the
Group, will be sorely missed at the Chesnara plc Board table, but I
am very pleased that he will Chair our UK business whilst also
continuing to Chair our Swedish business Movestic Livförsäkring
AB.
'I am also delighted to announce the appointment, of Eamonn who
will bring valuable experience, insight and skills which will be of
significant benefit to the Group.'
There is no further information relating to Eamonn which would
require disclosure under 9.6.13R of the Listing Rules.
For further information, please contact:
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 07714 770 493
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara is a life and pensions company listed on the London
Stock Exchange. It administers over one million policies and
operates as Countrywide Assured in the UK, as The Waard Group and
Scildon in the Netherlands, and as Movestic in Sweden.
Following a three pillar strategy, Chesnara's primary
responsibility is the efficient administration of its customers'
life and savings policies, ensuring good customer outcomes and
providing a secure and compliant environment to protect
policyholder interests. It also adds value by writing profitable
new business in Sweden and the Netherlands and by undertaking
value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara
to increase its dividend for 15 years in succession.
Further details are available on the Company's website (
www.chesnara.co.uk ).
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END
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