M&G PLC NEWS RELEASE
2 December 2021
M&G PLC APPOINTS NON-EXECUTIVE DIRECTOR
M&G plc today announces the appointment of Dev Sanyal as a Non-Executive Director. He will join the Board on 16 May 2022.
Mr Sanyal was recently appointed as Chief Executive Officer of VARO Energy Group AG, a leading European energy transition company, effective 1 January 2022. He has been a member of bp's group executive committee for over a decade in a 32-year career with the company and will be leaving bp on 31 December 2021. He has headed the Gas and Low Carbon Energy business globally and has been Chief Executive, Alternative Energy as well as Group Treasurer and Chairman, bp Investment Management Ltd. He led bp's entry in solar and offshore wind energy, expanding its bioenergy and onshore wind businesses as well as building businesses in hydrogen and gas and power.
Mr Sanyal has been an independent non-executive director of Man Group plc since 2013 and will step down from that Board in 2022.
Fiona Clutterbuck, interim Chair of M&G plc, commented: "Dev is an excellent addition to our Board. His profound knowledge of sustainable energy and his financial experience will be invaluable to us as we embed sustainability across our business."
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Notes to Editors:
Disclosures
Mr. Sanyal holds no interest in any shares of M&G plc. Mr. Sanyal is considered to be independent for the purposes of the UK Corporate Governance Code. Save as disclosed above, there is no further information required to be disclosed pursuant to Listing Rule 9.6.13 (1) - (6) of the Listing Rules of the Financial Conduct Authority.
About M&G plc
M&G plc is an international savings and investments business, managing money for around 5 million retail customers and more than 800 institutional clients in 28 markets. As at 30 June 2021, we had £370 billion of assets under management and administration.
With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our savings and insurance customers under the Prudential brand in the UK and Europe and under the M&G Investments brand for asset management clients globally.
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