CHESNARA plc

("Chesnara" or "the Company")

14 February 2022

LEI Number: 213800VFRMBRTSZ3SJ06

INDEPENDENT NED APPOINTMENTS

Chesnara plc today announces the appointment of two new independent Non-Executive Directors, Carol Hagh and Karin Bergstein, to the Board with immediate effect. They will be proposed for election at the Company's AGM on 17 May 2022. 

Carol will join Chesnara plc Nomination & Governance Committee and Remuneration Committee with Karin joining Chesnara plc Audit & Risk Committee and Nomination & Governance Committee.

Carol has had an extensive international career in the insurance sector. She was previously head of the UK insurance practice at the executive search firm Spencer Stuart. Prior to this, she held roles in strategy, customer centricity and digital innovation at Aviva in the UK and Aegon in the Netherlands. She began her career in the US as an actuarial trainee. Carol holds a BA from Harvard University and an MBA from INSEAD.

Karin brings a wealth of experience from a career in executive and non-executive roles. She has helped a number of listed companies develop and grow with a proven track record in M&A and (digital) transformation. Most recently these have included roles as CFO for Aidence N.V., COO of a.s.r. Nederland N.V. and various senior executive positions within ING Bank and its subsidiaries.  Karin is also an experienced non-executive in financial services (BNG Bank N.V, Van Lanschot Kempen N.V.), care / pharma (Sanquin) and academic (Utrecht University) environments.  Karin holds a number of undergraduate and post-graduate qualifications from institutions in the Netherlands, US and France.

Their appointments increase the total number of Board Directors at Chesnara, to six from five prior to the retirement of Veronica Oak in January.

Chairman Luke Savage commented:

'I am delighted to welcome both Carol and Karin to the Board of Chesnara. We are delighted to have attracted two highly talented individuals with such diverse expertise and experience. Their insight and skills, particularly from an international perspective, will be of significant benefit to the Group as we continue to execute on our ambitious strategy and deliver value to our policyholders and shareholders.'

There is no further information relating to either Carol or Karin which would require disclosure under 9.6.13R of the Listing Rules.

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).