Chesnara PLC Directorate Change (4352P)
October 19 2021 - 1:00AM
UK Regulatory
TIDMCSN
RNS Number : 4352P
Chesnara PLC
19 October 2021
CHESNARA plc
("Chesnara" or "the Company")
19 October 2021
LEI Number: 213800VFRMBRTSZ3SJ06
CHESNARA PLC CHANGE OF DIRECTORSHIP
On 12 May 2021, Chesnara announced that John Deane intended to
retire from the Company and to step down as Group Chief Executive
by the end of the year. Chesnara also announced that it had
identified Steve Murray as intended successor to the role of Group
Chief Executive, subject to regulatory approval, and he was
subsequently appointed an Executive Director of Chesnara and
Countrywide Assured plc on 2 August 2021.
Chesnara is today delighted to announce that the necessary
regulatory approval has been secured in the UK and Steve is
therefore appointed to the role of Chesnara's Group Chief Executive
with immediate effect. At the same time, John Deane ceases to be a
Director of both Chesnara and Countrywide Assured plc. John will
remain a Director on the relevant Boards of the Company's
Netherland and Swedish businesses until local regulatory approval
is secured for Steve Murray.
The previously noted remuneration arrangements agreed with Steve
will be actioned at the appropriate time and announced by RNS as
required with further disclosure to be provided in the Directors'
Remuneration Report in 2022.
For further information, please contact:
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara is a life and pensions company listed on the London
Stock Exchange. It administers approximately 900,000 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 17 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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