TIDMJLT

RNS Number : 2836W

Jardine Lloyd Thompson Group PLC

26 April 2016

26 April 2016

Board Changes

Jardine Lloyd Thompson Group plc (the "Company" or "JLT") today announces that Richard Harvey will be retiring as a Non-executive Director of the Company at the end of December 2016, in order to return to New Zealand. Richard has been a Non-executive Director since December 2009 and has been Chairman of the Remuneration Committee since April 2012.

The Company also announces that Bruce Carnegie-Brown will join the Board as a Non-executive Director on 1 May 2016 and will take over as Chairman of the Remuneration Committee in the coming months, following a period of handover from Richard Harvey. Bruce brings many years of experience as both an executive and non-executive director, in a range of sectors including insurance and financial services more widely.

After six years as Group Commercial Director, James Twining has decided that this is the right time for him to leave JLT and move on to the next phase of his career. James joined JLT in January 2011 and has been a member of the Board since August 2012. He will retire as a Director with effect from 26 April 2016. The Board has decided that the role of Group Commercial Director will not be replaced.

Other Senior Management Changes

The Company announces that Michael Rice, CEO of JLT's US Specialty business, will join the Group Executive Committee on 1 May 2016. Mike's appointment reflects the strategic importance of the business that he and his team are building in the US.

William Nabarro will also join the Group Executive Committee on the same date. William has recently rejoined the Group as Special Adviser to the Group CEO. He previously worked for JLT between 2003 and 2010 in a range of senior roles, including as a main Board Director and Executive Chairman of Employee Benefits.

Geoffrey Howe, Chairman, said:

"I am delighted to welcome Bruce to the Board and know that his broad skills and extensive experience, gained over many years in insurance, banking and private equity, will be a real asset to JLT in the coming years. I would like to thank Richard, on behalf of the Board, for his great commitment and service to the Company, both as a Non-executive Director for the past six years and as Chairman of the Remuneration Committee for the past four years.

I would also like to thank James for his major contribution to the Group, particularly in how we formulate and communicate strategy, and approach business planning, acquisitions and investments.

We wish both Richard and James well for the future.

I would also like to welcome Mike and William to the Group Executive Committee."

Enquiries:

JLT

   Paul Dransfield - Corporate Communications          020 7528 4933 
   Jonathan Lloyd - Group Company Secretary           020 7528 4003

Brunswick

   Tom Burns/Dania Saidam                                         020 7404 5959

Notes:

Bruce Carnegie-Brown is currently First Vice Chairman and Lead Independent Director of Banco Santander SA, where he has been a Non-executive Director since 2015. He has also been a Non-executive Director of Santander UK plc since 2012. Bruce has been Chairman of Moneysupermarket.com Group plc since 2014, having been a Non-executive Director there since 2010.

Bruce was previously Chairman of Aon UK Ltd from 2012 to 2015; Senior Independent Director of Catlin Group plc from 2010 to 2014; and a Non-executive Director of Close Brothers Group plc from 2006 to 2014 (and Senior Independent Director from 2008 to 2014).

Prior to assuming a range of non-executive roles, Bruce was Managing Partner of 3i Group plc's Quoted Private Equity business and CEO of Marsh's UK and European businesses. He previously spent twenty years in senior international relationship banking roles at JP Morgan and Bank of America.

Bruce is a Trustee of Historic Royal Palaces.

There are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) in respect of Bruce Carnegie-Brown.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 26, 2016 02:01 ET (06:01 GMT)

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