SAGA PLC Directorate Change (5151K)
January 05 2021 - 1:00AM
UK Regulatory
TIDMSAGA
RNS Number : 5151K
SAGA PLC
05 January 2021
5 January 2021
Saga plc
Directorate Change
Pursuant to Listing Rule LR.9.6.11, Saga plc today announces
that Cheryl Agius has informed the Board of her intention to step
down from her role as Chief Executive Officer of Saga Insurance and
as an Executive Director of Saga plc with immediate effect for
personal reasons.
Euan Sutherland, Group CEO of Saga plc, assumes the
responsibilities of Interim CEO of Saga Insurance until a suitable
replacement is appointed, supported by the Executive Leadership
Team and the senior management of the Insurance business. The
search for a successor has commenced and this process is expected
to take several months to complete.
Euan Sutherland, Group Chief Executive Officer of Saga plc,
said:
"Our Insurance business has performed resiliently under Cheryl's
leadership despite challenging market conditions and she departs
with the business well placed to deliver on the opportunities we
have identified as part of our new strategy. I'd like to thank
Cheryl for her contribution to Saga and wish her well for the
future. "
Sir Roger De Haan, Chairman of Saga plc, said:
"I would like to thank Cheryl for her work and commitment and
wish her well for the future. We are focused on finding the right
individual to replace Cheryl and to continue to drive our Insurance
business forward for our customers. Until this appointment is made,
Euan and the management team continue to implement our
transformation strategy."
For further information please contact
Saga plc
Investor Relations Tel: 07732 093007
Emily Roalfe, Head of Investor Email: emily.roalfe@saga.co.uk
Relations
Vicki Haynes, Company Secretary Tel:07803 602139
Email: vicki.haynes@saga.co.uk
Media Enquiries
Headland Consultancy
Susanna Voyle Tel: 07980 894557
Henry Wallers Tel: 07876 562436
Email: saga@headlandconsultancy.com
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END
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