Director Appointment
17 February 2010 - 6:00PM
UK Regulatory
TIDMALEA
RNS Number : 2529H
Alea Group Holdings(Bermuda) Ltd
17 February 2010
Alea Group Holdings (Bermuda) Ltd
Jeffrey R. Rosenthal Named CEO of Alea Group
HAMILTON, Bermuda - Alea Group Holdings (Bermuda) Ltd. ('Alea' or 'the Group')
today announced that Jeffrey R. Rosenthal will assume the role of President and
Chief Executive Officer replacing Mark B. Cloutier effective 1 April 2010. As
previously disclosed, Mr. Cloutier tendered his resignation effective 31 March
2010 as Chief Executive Officer.
Mr. Rosenthal comes to Alea with over 37 years of experience in the financial
services industry, holding a variety of senior leadership positions at Fortress
Investment Group, Starwood Capital Group and KPMG.
Rob Kauffman, non-executive Chairman of Alea, said, "We thank Mark for his many
contributions over the past several years and as we make this transition. We
welcome Jeff Rosenthal and expect Alea will benefit from his strong financial
skills and experience as he leads the Group in the future."
For further information, please contact:
Sheel Sawhney
+1 860 258 6524
Financial Dynamics
Robert Bailhache
Nick Henderson
+44 20 7269 7114
####
Past performance cannot be relied upon as a guide to future performance.
Certain statements made in this document that are not based on current or
historical facts are forward-looking in nature including, without limitation,
statements containing the words "believes," "anticipates," "plans," "projects,"
"intends," "expects," "estimates," "predicts," and words of similar import. All
statements other than statements of historical facts including, without
limitation, those regarding the Group's financial position, business strategy,
plans and objectives of management for future operations (including development
plans and objectives) are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors that could cause the actual results, performance or achievements of the
Group to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements. In
particular, forecasting of reserves for future losses is based on historical
experience and future assumptions. As a result, they are inherently subjective
and may fluctuate based on actual future experience and changes to current or
future trends in the legal, social or economic environment. Such forward-looking
statements are based on numerous assumptions regarding the Group's present and
future business strategies and the environment in which the Group will operate
in the future. These forward-looking statements speak only as at the date of
this document or other information concerned. Alea Group Holdings (Bermuda) Ltd
expressly disclaims any obligations or undertaking (other than reporting
obligations imposed on us in relation to our listing on the London Stock
Exchange) to disseminate any updates or revisions to any forward-looking
statements contained herein to reflect any changes in the Group's expectations
with regard thereto or any change in events, conditions or circumstances on
which any such statement is based. References in this paragraph to the Group are
to Alea Group Holdings (Bermuda) Ltd and its subsidiaries from time to time.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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