Admiral Group PLC Admiral Group Plc : Directorate Change
January 25 2017 - 8:49AM
UK Regulatory
TIDMADM
25 January 2017
Chairman
Admiral Group plc announces that Alastair Lyons, who has held the role
of Non-executive Chairman since June 2000, has notified it that he does
not intend to seek re-election as a director of the Admiral Group at the
forthcoming Annual General Meeting on 26 April 2017.
Commenting on his retirement Alastair said: "With the change of CEO last
year from Henry to David successfully completed, it is the right time
for me also to handover. It has been fantastic to have been on the
journey with Admiral since the management buy-out, a journey which I am
confident will continue to deliver sustained success. The way the
business has developed has been astonishing and a tribute to a great
team that has created a culture that breeds innovation, the drive and
ability to succeed, openness and transparency. I shall miss it, and them,
greatly."
David Stevens, Admiral's Chief Executive commented: "There are very few
people who deserve as much credit for Admiral's success over the last
sixteen years as Alastair. A skilled and incredibly diligent chair, an
articulate advocate and, above all, a clever ego-free deeply
knowledgeable source of advice for myself and my predecessor, he's been
everything our shareholders, and indeed our staff and customers, could
have wanted from a Chairman".
An announcement as to the Board's choice of Alastair's successor as
Chairman of Admiral will be made once regulatory approvals have been
obtained.
For further information, please contact:
Admiral
Karen Maguire Investors & Analysts +44 (0) 29 2060 2075
James Carnduff Media +44 (0) 29
2043 4232
FTI Consulting
Ed Berry +44 (0) 20 3727 1046
Tom Blackwell +44 (0) 20 3727 1051
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Admiral Group PLC via Globenewswire
http://www.admiralgroup.co.uk
(END) Dow Jones Newswires
January 25, 2017 08:49 ET (13:49 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Admiral (LSE:ADM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Admiral (LSE:ADM)
Historical Stock Chart
From Apr 2023 to Apr 2024