REG - Chesnara PLC - Directorate Changes

ChesnaraAnnouncement

29/01/2025 07:00

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RNS Number : 9976U  Chesnara PLC  29 January 2025

 LEI Number: 213800VFRMBRTSZ3SJ06

 

29(th) January 2025

 

CHESNARA plc
("Chesnara", "the Company" or the "Group")

 

BOARD CHANGES

 

Chesnara (CSN.L), the European life insurance consolidator, today announces
the appointment of Gail Tucker as Non-Executive Director with immediate
effect. Gail has also been appointed as a member of Audit & Risk Committee
and Nomination & Governance Committee and will be proposed for election at
the Company's AGM, expected to be on 13(th) May 2025. Gail also joins the
Board of Chesnara's UK subsidiary, Countrywide Assured plc as a Non-Executive
Director and it is intended will chair its Audit & Risk Committee subject
to regulatory approval.

 

Jane Dale, Non-Executive Director, will stand down at the AGM having completed
her 9-year term. At the same time, Gail Tucker will be appointed chair of the
Audit & Risk Committee.

 

Gail is a recently retired 'Big Four' partner with over 30 years' experience
in financial services audit, predominantly focused on the insurance sector.
She has a high level of technical competence in international accounting and
financial reporting, allied to which she brings a well-developed perspective
on the UK life and pensions industry.  A qualified accountant, Gail holds a
BSc from the University of Warwick and a BA from The Open University.  She
sits on the boards of Breast Cancer Now and Institute of Chartered Accountants
in England & Wales (ICAEW) Financial Services Board.

 

Chair Luke Savage commented:

 

'I am delighted to welcome Gail to the Board of Chesnara and she brings with
her a wealth of reporting expertise including from her time as IFRS17 Global
Technical Lead for PwC.  She has advised insurance audit teams around the
world and has sat on a number of technical committees. We are delighted to
have attracted such talent into the group and I look forward to working with
Gail as we prosecute our strategy and deliver further value to our
policyholders and shareholders.'

 

There is no further information relating to Gail which would require
disclosure under UKLR 6.4.8R.

 

 

 

For further information, please contact:

 

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk (mailto:sam.perowne@chesnara.co.uk)

 

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493

E - roddy.watt@fwdconsulting.co.uk (mailto:roddy.watt@fwdconsulting.co.uk)

 

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the
London Stock Exchange.  It administers over one million 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 20 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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