Phoenix Group Holdings Directorate Change (8978E)
May 11 2017 - 7:15AM
UK Regulatory
TIDMPHNX
RNS Number : 8978E
Phoenix Group Holdings
11 May 2017
Phoenix Group Holdings (the 'Company') - Board Changes
As previously reported in the Company's Annual Report for 2016
and the notice for the Company's Annual General Meeting held today
("the AGM"), Isabel Hudson and David Woods have left the Board with
effect from today, having decided not to seek re-election at the
AGM.
In accordance with paragraph 9.6.11 of the Financial Conduct
Authority's Listing Rules, the Company announces the following
Board Committee changes:
-- With effect from today, Kory Sorenson succeeds Ian Cormack as
Remuneration Committee Chair. Ian Cormack remains on the Board as
Senior Independent Director.
-- With effect from today, John Pollock succeeds David Woods as Risk Committee Chair.
Henry Staunton, Chairman of Phoenix Group Holdings, said:
"Isabel and David leave Phoenix with our very best wishes after
over seven years of excellent service on the Board. Ian Cormack has
chaired our Remuneration Committee for over seven years with
tremendous diligence and expertise. I am very pleased that he
remains on the Board as Senior Independent Director and a member of
the Nomination Committee. Our succession plan is working to good
effect with Kory Sorenson and John Pollock assuming the
Remuneration and Risk Committee Chair positions respectively. Kory
has been a member of the Remuneration Committee since joining the
Board in July 2014, and John has substantial risk management
experience from his executive career at Legal and General where he
was a main Board Director for twelve years up to his retirement in
2015."
No loss of office payments have been or will be paid to either
Isabel Hudson or David Woods who will receive their contractual
non-executive director's fees up to 11 May 2017, being the date of
their resignation from the Board.
-ends-
Enquiries:
Media Investors
Neil Bennett, Maitland Sam Perowne, Head of
Tom Eckersley, Maitland Investor Relations,
+ 44 (0) 20 7379 5151 Phoenix Group
+44 (0) 203 735 0021
This information is provided by RNS
The company news service from the London Stock Exchange
END
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