RCS - Chesnara PLC - Senior Leadership Appointment

ChesnaraAnnouncement

17/12/2021 07:00

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RNS Number : 9050V  Chesnara PLC  17 December 2021

CHESNARA plc

("Chesnara" or "the Company")

 

 

17 December 2021

 

LEI Number: 213800VFRMBRTSZ3SJ06

 

 

CHESNARA BOLSTERS CAPABILITIES IN M&A AND INVESTOR RELATIONS WITH NEW HIRE

 

 

Chesnara plc ("Chesnara" or "the Group"), the UK and European life insurance
consolidator, today announced the appointment of Sam Perowne as Head of
Strategic Development & Investor Relations, with effect from 01 April
2022.

 

In this new role, Sam will be a member of the Group Executive Committee,
responsible for driving forward Chesnara's wider strategic development. This
will include delivery of future acquisitions as well as supporting investor
engagement, reflecting the Group's increased focus on one of its three
strategic pillars - acquiring life and pensions businesses.

 

Sam joins from Phoenix Group Holdings plc where he was most recently Head of
Corporate Strategy and M&A.  He brings over 20 years of experience in the
life insurance sector across M&A, Equity and Debt Capital Markets,
Investor Relations and Strategic Development.

 

Steve Murray, Group CEO, said:

"We are delighted to welcome Sam to Chesnara.  He brings a wealth of
experience across insurance and has been integral to much of the back book
consolidation activity seen in the UK.  His capabilities in M&A, wider
strategic development and investor relations strongly align with our focus at
Chesnara and will help ensure we are well placed to pursue the acquisition
opportunities we continue to see.".

 

 

 

For further information, please contact:

 

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

 

T   -    020 7280 0651

E   -    roddy.watt@fwdconsulting.co.uk
(mailto: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
(http://www.chesnara.co.uk/) ).

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