FBD Holdings PLC Directorate Change (6838U)
July 31 2020 - 1:00AM
UK Regulatory
TIDMFBH
RNS Number : 6838U
FBD Holdings PLC
31 July 2020
FBD Holdings plc
FBD Insurance plc
Appointment of Chief Executive Officer
31st July 2020
FBD Holdings plc ("FBD" or the "Group") is pleased to announce
Tomás O'Midheach will join the Group on 1(st) February 2021 as
Chief Executive Officer and Executive Director of both the Group
and of FBD Insurance plc. Paul D'Alton, current interim Chief
Executive Officer will remain in situ until that time to ensure an
orderly handover.
Tomás has 25 years' experience in the financial services
industry spanning many diverse areas including finance, data,
customer analytics, direct channels and digital. He spent 11 years
with Citibank in the UK, Spain & Dublin where he held several
senior positions in Finance. He joined AIB in June 2006 to lead a
finance operating model transformation and has since held a number
of senior executive positions including Head of Direct Channels
& Analytics and Chief Digital Officer. Tomás is currently
Deputy CEO and an Executive Board member of AIB.
Commenting on the changes announced, the Chairman, Liam Herlihy,
said:
"I am very pleased to announce Tomás will join the Board and as
Chief Executive Officer in February 2021 on the back of an
extensive search process and with the approval of the Central Bank
of Ireland. He is highly regarded in the financial community and
has considerable knowledge of the Irish financial services
landscape. We look forward to his arrival".
Commenting on his appointment, Tomás O'Midheach said:
"I am delighted to be joining FBD Group and look forward to
working with the team to help drive the next stage in the Group's
development".
This announcement is made in accordance with Listing Rule 6.1.64
of Euronext Dublin's Listing Rules and Rule 9.6.11 of the London
Stock Exchange Listing Rues. The Group confirms that there are no
further matters requiring disclosure under Rule 6.1.66(1)-(6) of
Euronext Dublin Listing Rules/Rule 9.6.13 of the London Stock
Exchange Listing Rules.
Regulation (EU) No. 596/2014 of the European Parliament and of
the Council of 16 April 2014 on market abuse (the "Market Abuse
Regulation") requires disclosure of inside information relating to
the Group and FBD Insurance Plc. This announcement contains inside
information as defined in Article 7 of the Market Abuse Regulation
and is disclosed in accordance with Article 17 of the Market Abuse
Regulation.
Enquiries
Powerscourt
Eavan Gannon +353 87 236 5973
About FBD Holdings plc
FBD is one of Ireland's largest property and casualty insurers,
looking after the insurance needs of farmers, consumers and
business owners. Established in the 1960s by farmers for farmers,
FBD has built on those roots in agriculture to become a leading
general insurer serving the needs of its direct agricultural, small
business and consumer customers throughout Ireland. It has a
network of 34 branches nationwide.
The following details relate to FBD's ordinary shares of EUR0.60
each which are publicly traded:
Listing Euronext Dublin UK Listing Authority
Listing Category Premium Premium (Equity)
Trading Venue Euronext Dublin London Stock Exchange
Market Main Securities Market Main Market
ISIN IE0003290289 IE0003290289
Ticker FBD.I or EG7.IR FBH.L
FBD Holdings plc, FBD House, Bluebell, Dublin 12
Registered in Dublin, Ireland Registered Number 135882
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contact rns@lseg.com or visit www.rns.com.
END
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