Direct Line Insurance Group PLC Directorate Change, CFO
October 10 2024 - 1:00AM
RNS Regulatory News
RNS Number : 6847H
Direct Line Insurance Group PLC
10 October 2024
Direct Line confirms the
appointment of Jane Poole as Group Chief Financial
Officer
10 October
2024
Direct Line Insurance Group plc
('DLG') is pleased to announce that Jane Poole has joined DLG as
Group Chief Financial Officer and has been appointed to the Board
as an Executive Director with effect from today. Jane has also been
appointed as a member of the Board's Investment
Committee.
Adam Winslow, Chief Executive
Officer, Direct Line Group, commented: "We are delighted to welcome
Jane Poole to the Group. She will have a transformative impact on
our business. Jane's deep knowledge of the insurance sector and
regulatory frameworks, combined with a strong track record of
running high performing finance functions, will be invaluable. She
will be instrumental in driving for delivery of our targets for
shareholders, as we move to execute our strategic plan and position
Direct Line Group as the customers' insurer of choice."
As announced on 10 April 2024, Jane
is succeeding Neil Manser, who has ceased to be CFO and an
Executive Director, also with effect from today. We thank him for
his service and wish him well for the future.
This announcement is made in
accordance with the requirements of Listing Rules
6.4.6-7. No other information is required
to be disclosed pursuant to Listing Rule
6.4.8 in relation to Jane's appointment as
a Director of DLG.
Notes to Editors
1. Jane Poole will receive an annual
salary of £550,000 and a pension allowance of 9% of salary. She will also be
eligible to participate in DLG's existing annual incentive plan up
to a maximum of 175% of salary and the long term incentive plan up to
200% of salary per annum.
Jane will also receive awards to compensate for remuneration
arrangements forfeited on leaving her previous employer. All
remuneration arrangements are consistent with the terms of the
Directors' Remuneration Policy approved by shareholders at the AGM
in May 2023.
2. Details of the remuneration
arrangements for Neil Manser will be published on the Company's
website as soon as reasonably practicable pursuant to section
430(2B) of the Companies Act 2006.
For further information please
contact:
DHRUV GAHLAUT
|
ROGER LOWRY
|
CHIEF STRATEGY AND INVESTOR
RELATIONS OFFICER
|
DIRECTOR OF CORPORATE
AFFAIRS
|
Mobile: +44 (0)7385
481177
|
Mobile: +44 (0)7881
553155
|
LEI: 213800FF2R23ALJQOP04
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