REG - Chesnara PLC - Directorate Change

ChesnaraAnnouncement

14/02/2022 07:00

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RNS Number : 4988B  Chesnara PLC  14 February 2022

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
(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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