Source - LSE Regulatory
RNS Number : 4352P
Chesnara PLC
19 October 2021
 

CHESNARA plc

("Chesnara" or "the Company")

 

19 October 2021

 

LEI Number: 213800VFRMBRTSZ3SJ06

 

 

CHESNARA PLC CHANGE OF DIRECTORSHIP

 

On 12 May 2021, Chesnara announced that John Deane intended to retire from the Company and to step down as Group Chief Executive by the end of the year.  Chesnara also announced that it had identified Steve Murray as intended successor to the role of Group Chief Executive, subject to regulatory approval, and he was subsequently appointed an Executive Director of Chesnara and Countrywide Assured plc on 2 August 2021.

 

Chesnara is today delighted to announce that the necessary regulatory approval has been secured in the UK and Steve is therefore appointed to the role of Chesnara's Group Chief Executive with immediate effect.  At the same time, John Deane ceases to be a Director of both Chesnara and Countrywide Assured plc.  John will remain a Director on the relevant Boards of the Company's Netherland and Swedish businesses until local regulatory approval is secured for Steve Murray.

 

The previously noted remuneration arrangements agreed with Steve will be actioned at the appropriate time and announced by RNS as required with further disclosure to be provided in the Directors' Remuneration Report in 2022.

 

For further information, please contact:

 

 

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

 

T   -    020 7280 0651  

E   -    roddy.watt@fwdconsulting.co.uk 

 

 

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange.  It administers approximately 900,000 policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

 

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 17 years in succession.

 

Further details are available on the Company's website (www.chesnara.co.uk).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAMPBATMTIBBPB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.