Partnership Assurance Group PLC Directorate Change (1251V)
23 October 2014 - 10:24PM
UK Regulatory
TIDMPA.
RNS Number : 1251V
Partnership Assurance Group PLC
23 October 2014
23 October 2014
Partnership Assurance Group plc
(the "Company")
Listing Rule 9.6.11R: Notification of Board changes
The Company is pleased to announce that Clare Spottiswoode will
join the Board as a Non-executive Director on 23 October 2014.
Clare will also become a member of the Risk Committee.
Clare is a mathematician and economist by training, in June
2010, she was appointed by HM Treasury to the Independent
Commission on Banking (the Vickers Commission). The Commission
reported in September 2011 and its recommendations were broadly
incorporated into legislation. Clare also has considerable
experience in the gas and oil sectors and is at present a
Non-executive Director of BW Offshore Limited, EnQuest plc and
Ilika plc. She is also a Non-executive Director of G4S plc and
Chairman of Gas Strategies Limited. Clare's career has involved
acting as Policyholder Advocate for Norwich Union's with-profits
policyholders at Aviva, in which role she acted on behalf of 1m
policyholders tasked with reattributing Aviva's inherited estate,
and included time as Director General of Ofgas, the UK gas
regulator, where her achievements included extending competition
through the gas supply chain.
Chris Gibson-Smith, Chairman, commented:
"I am delighted to welcome Clare to Partnership. She will bring
to the Board a breadth of experience and skills from a variety of
sectors, which will be invaluable to the Company in its next phase
of development".
No further information is required to be disclosed about Clare
Spottiswoode under paragraph 9.6.13R of the Listing Rules.
The Company further announces that after serving as a
Non-Executive Director and Chair of the Audit Committee for nine
years, David Young will step down from his Audit Committee role
with effect from 23 October 2014 and will retire from the Board on
31 December 2014. As Chair of the Audit Committee, David has played
a pivotal role over a period characterised by a changed regulatory
and financial landscape for the Company, and the Board thanks him
for his significant contribution to the work of the Audit
Committee. He will be replaced as a Chair of the Audit Committee by
Paul Bishop, who joined the Board on 1 May 2014.
Maxim Crewe of Cinven will also step down as a Non-executive
Director of the Company on 23 October 2014. Chris Gibson-Smith,
Chairman, commented:
"The Board thanks Mr Crewe for his significant contribution to
the development of the Company, since his appointment to the Board
in February 2013, and through the initial public offering of the
Company in June 2013."
Enquiries
Investors: Media:
Katherine Jones Jim Boyd Citigate Dewe
Director of Investor Director of Corporate Rogerson
Relations Affairs Michael Berkeley,
+44 (0) 207 444 8040 +44 (0) 207 444 8088 Grant Ringshaw
katherine.jones@partnership.co.uk pressoffice@partnership.co.uk +44 (0) 207 638
9571
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This information is provided by RNS
The company news service from the London Stock Exchange
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