Just Group PLC Directorate Change (8451V)
12 August 2020 - 4:00PM
UK Regulatory
TIDMJUST
RNS Number : 8451V
Just Group PLC
12 August 2020
NEWS RELEASE www.justgroupplc.co.uk
12 August 2020
Change of Director
Just Group plc ("Just", the "Group") announces that, following
an extensive, industry wide recruitment process, John Hastings-Bass
will join the Board as Chair and Non-Executive Director with effect
from 13 August 2020. The appointment has been approved by the
Prudential Regulation Authority.
Chris Gibson-Smith will step down as Chair and Non-Executive
Director of the Company with effect from close of business on 13
August 2020, following publication of the Company's interim
financial results on that day. The retirement of Chris Gibson-Smith
from the Board follows his statement on 12 March 2020 of his
intention to step down as soon as a suitable successor had been
identified.
John will chair the Nominations Committee and be a member of the
Market Disclosure Committee, Group Risk and Compliance Committee
and Remuneration Committee. He will also be Non-Executive Director
of the Group's insurance subsidiaries, Just Retirement Limited and
Partnership Life Assurance Company Limited.
John is Chair of BMS Group, the private equity backed global
insurance broking group, and until 2017, was chair of publicly
quoted Novae Group plc. He has over 35 years' experience in the
insurance and reinsurance sectors.
Chris Gibson-Smith, said
"It has been an honour to chair Just Group since its creation.
Having overseen a transformational merger, navigated significant
regulatory change and overseen the appointment of a new team of
Executive Directors, now is the right time for me to move on. I
would like to congratulate John on his appointment and I know that
Just is in good hands. I wish John, David and his team well as they
take the Group forwards."
David Richardson, Group Chief Executive, said:
"I am delighted to welcome John to Just Group and look forward
to working with him. He brings a wealth of commercial and insurance
cross-sectoral experience, which will broaden and enrich the
Board."
"Working with Chris has been a privilege. He brought significant
experience to the role drawn from a diverse range of sectors,
combined with a passion for the Just business. The entire Board
benefitted from his insights and I have valued his wise counsel. He
has steered the Group through some very challenging times and takes
with him our best wishes for the future."
John Hastings-Bass said:
"I am very much looking forward to joining my new colleagues
across Just Group and the Board, and supporting them in the long
term success of the Company, delivering value to policyholders and
shareholders. Just Group plays an important role in providing great
financial products to help people achieve a better later life, and
I am delighted to be part of realising this strategic
ambition."
The Company confirms that there is no further information about
John Hastings-Bass requiring disclosure under paragraph 9.6.13 (2)
to (6) of the Listing Rules of the Financial Conduct Authority.
Enquiries
Investors / Analysts Media
Alistair Smith, Investor Relations Stephen Lowe, Group Communications
Telephone: +44 (0) 1737 232 792 Director
alistair.smith@wearejust.co.uk
Telephone: +44 (0) 1737 827 301
Paul Kelly, Investor Relations press.office@wearejust.co.uk
Telephone: +44 (0) 20 7444 8127
paul.kelly@wearejust.co.uk Temple Bar Advisory
Alex Child-Villiers
William Barker
Telephone: +44 (0) 20 7975 1415
A copy of this announcement will be available on the Group's
website www.justgroupplc.co.uk
JUST GROUP PLC
GROUP COMMUNICATIONS
Enterprise House, Bancroft Road, Reigate
Surrey RH2 7RP
Notes
John began his career in Hong Kong with Jardine Matheson in
1976, later moving to London where he was plc Director, Business
Development of Jardine Insurance Brokers (JIB), working with the
CEO to develop the corporate strategy that resulted in JIB's 1997
merger with Lloyd Thompson to form Jardine Lloyd Thompson. In 1997,
he became Group Board Director, CEO International Business Group,
leading JLT's strong growth across the UK, Australia and New
Zealand, Asia, Europe, North and Latin American markets.
He joined Arthur J. Gallagher ("AJG") in 2007, as Chairman,
International Development, leading the Asia Pacific business.
During his time with AJG, John was Chairman of AJG's international
energy business, Alesco and led the successful restructuring of the
company's Australian business and the creation of a Singapore
office. He became MD, Underwriting & Development in 2013 before
stepping down from the company at the beginning of 2015.
He joined the Board of the FTSE 350 listed Novae Group plc in
May 2007 and became Chair in May 2008. Novae was a diversified
property and casualty (re)insurance business which was successfully
sold to Axis Capital in 2017.
He was appointed Non-Executive Chair of BMS Group in January
2015. BMS Group is the UK broking arm of Minova Insurance Holdings.
Founded in 1980, BMS Group, a leading independent (re)insurance
intermediary, is a private, employee-owned, specialist insurance
broker.
John was appointed a trustee of Landmark Trust in 2016 and
Chair's the audit committee.
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