Mortgage Advice Bureau(Holdings)PLC Non-Executive Director Board changes (2084B)
January 08 2018 - 2:56AM
UK Regulatory
TIDMMAB1
RNS Number : 2084B
Mortgage Advice Bureau(Holdings)PLC
08 January 2018
8 January 2018
Mortgage Advice Bureau (Holdings) plc ("MAB" or the "Group")
Non-Executive Director Board changes
MAB is pleased to announce the appointment of Stephen Smith(1)
as an independent Non-Executive Director of the Group with effect
from 24 January 2018. Stephen will serve on the Audit,
Remuneration, Nomination, and Risk and Compliance Committees.
Stephen joined Legal and General Group plc ("L&G") in 1994
and retired at the end of 2017. In his most recent role as
L&G's Housing Director, he was responsible for digital projects
in the mortgage and housing space, as well as L&G's strategy in
the insurance markets as it relates to the mortgage and housing
markets. Stephen was also previously responsible for the L&G
Mortgage Club, L&G Surveying Services and L&G Estate Agency
Operations. In addition, Stephen spent 14 years on the Association
of Mortgage Intermediaries (AMI) board and several years as deputy
chairman and member of the Bank of England's residential property
forum.
MAB also announces the retirement of Richard Verdin as an
independent Non-Executive Director of the Group and member of the
Audit, Remuneration, Nomination and Risk and Compliance Committees
with effect from the conclusion of the Group's Annual General
Meeting to be held on 16 May 2018. Following Richard's retirement,
Stephen will Chair the Risk and Compliance Committee.
Chief Executive Officer, Peter Brodnicki, said:
"I have known Stephen for many years and have always respected
him greatly. He is a superb addition to the MAB board, and the
knowledge and experience he brings will be of great value as MAB
looks to lead the way in digitally enabling intermediary
distribution, by embracing technology and working closely with
lenders and insurers to deliver the best possible customer
experience. I would like to take this opportunity to thank Richard
for his superb contribution since IPO. It's been an absolute
pleasure working with him."
Chairman, Katherine Innes Ker, said:
"I am delighted to welcome Stephen to the Board. Stephen has a
wealth of experience in the mortgage and insurance markets.
Stephen's appointment brings excellent insight to the Board and
supports the strategic direction of the Group.
"On behalf of the Board, I would also like to thank Richard
Verdin for the contribution he has made since joining the Board at
the time of MAB's IPO in November 2014. Richard has been a valued
member of the Board and the Audit, Remuneration, Nomination and
Risk and Compliance Committees. His experience and insight has been
invaluable in the development of MAB and its customer centric
approach and we wish him well as he continues to pursue his
executive career."
Stephen Charles Addison Smith, aged 60, currently holds or has
held the following directorships and partnerships in the last five
years:
Current directorships/partnerships Past directorships/partnerships
Legal & General Home Finance The Association of Mortgage
Limited Intermediaries Ltd
Legal & General Financial
Services Limited
Investment Discounts On Line
Limited
City & Urban Developments
Limited
Ellis & Co (Estate Agents)
Limited
Legal & General Partnership
Services Limited
Key Mortgage & Property Limited
Insurebeam Limited
Key Consultants Mortgages
Nationwide Limited
Key Surveyors Nationwide
Limited
Keys & Company Limited
The Key Group Limited
Land & Co Limited
Legal & General Estate Agencies
(FS) Limited
Legal & General Estate Agencies
Limited
William Parker and Son (Reading)
Limited
Whitegates (Holdings) Limited
Whitegates (Tyne & Wear)
Limited
Adam Kennedy Estate Agents
Limited
Tringham Housing Limited
Whitegates Financial Services
Limited
Legal & General Surveying
Services Limited
Whitegates Estate Agency
Limited
Xperience Franchising Limited
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules
for Companies.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
(1) Subject to Regulatory Approval
Enquiries:
Mortgage Advice Bureau (Holdings) +44 (0)1332
plc 525007
Peter Brodnicki, Chief Executive
Officer
David Preece, Chief Operating Officer
Lucy Tilley, Finance Director
Nominated Adviser and Joint Broker:
Zeus Capital +44 (0)20 3829
Martin Green 5000
Nicholas How
Pippa Underwood
Joint Broker:
Canaccord Genuity
Andrew Buchanan
Richard Andrews
Media Enquiries: +44 (0)20 7523
investorrelations@mab.org.uk 8350
This information is provided by RNS
The company news service from the London Stock Exchange
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