REG - FBD Insurance PLC - Appointment of Interim Chief Executive Officer

FBD HoldingsAnnouncement

31/03/2020 15:40

RNS Number : 2704I
  
FBD Insurance PLC
  
31 March 2020
  
 

FBD Holdings plc
FBD Insurance plc
Appointment of Interim Chief Executive Officer
31st March 2020
 
FBD Holdings plc ("FBD" or the "Group") announces the appointment of Paul D'Alton as interim Chief Executive Officer and as an executive Director of both the Group and of FBD Insurance plc, with effect from 3 April, 2020. Mr. D'Alton is succeeding Ms. Fiona Muldoon who informed the Board on 24 October, 2019 of her intention to step down as Group CEO and director in 2020.
Mr. D'Alton is a Chartered Accountant, with extensive experience in senior leadership roles in the general insurance and banking sectors having previously served as interim Chief Financial Officer of FBD and Chief Financial Officer of Bank of Ireland. 
Commenting on the changes announced, the Chairman, Liam Herlihy, said:
"I would like to extend the warmest gratitude to Fiona for her hard work and effective contribution to FBD over the last five years. She has been instrumental in the transformation and development that has taken place in FBD.  Her relentless focus on the business and its customers has been remarkable. Shareholders and the community alike have benefitted from her tireless efforts.  We wish her the very best for the future. 
"I am also pleased to announce Paul's appointment to the Board and as interim Chief Executive Officer. He is highly regarded in the investment community and as a former FBD colleague, he knows our business well. I look forward to his contribution to FBD and am confident in his ability to deliver for all stakeholders, given his substantial experience in financial services in Ireland. The Board continues to make progress towards its appointment of a permanent CEO."
This announcement is made in accordance with Listing Rule 6.1.64 of Euronext Dublin's Listing Rules and Rule 9.6.11 of the London Stock Exchange Listing Rues. The Group confirms that there are no matters requiring disclosure under Rule 6.1.66(1)-(6) of Euronext Dublin Listing Rules/Rule 9.6.13 of the London Stock Exchange Listing Rules.
Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the "Market Abuse Regulation") requires disclosure of inside information relating to the Group and this announcement contains inside information as defined in Article 7 of the Market Abuse Regulation and is disclosed in accordance with the Group's obligations under Article 17 of the Market Abuse Regulations.
 
 




Enquiries


Telephone




 


 




 
Goodbody


 




Joe Gill


+353 1 641 9449




 
Powerscourt


 




Jack Hickey






+353 83 4488 339




 




 
 
 
 
 
About FBD Holdings plc 
FBD is one of Ireland's largest property and casualty insurers, looking after the insurance needs of farmers, consumers and business owners. Established in the 1960s by farmers for farmers, FBD has built on those roots in agriculture to become a leading general insurer serving the needs of its direct agricultural, small business and consumer customers throughout Ireland. It has a network of 34 branches nationwide. 
 
The following details relate to FBD's ordinary shares of €0.60 each which are publicly traded:
 




Listing


Euronext Dublin


UK Listing Authority




Listing Category


Premium


Premium (Equity)




Trading Venue


Euronext Dublin


London Stock Exchange




Market


Main Securities Market


Main Market




ISIN


IE0003290289


IE0003290289




Ticker


FBD.I or EG7.IR


FBH.L




 


 



 
 
 
 





FBD Holdings plc, FBD House, Bluebell, Dublin 12

Registered in Dublin, Ireland Registered Number 135882
 
 
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 


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