REG - Royal London RL Fin Bnds No.6 PLC RL Fin Bnds No.4 PLC RL Fin Bnds No.3 plc RL Fin Bnds No.2 PLC - Changes to Royal London Board

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RNS Number : 8796K  Royal London  02 June 2025

 
2 June 2025

 

Changes to Royal London Board

Royal London today announces that Tim Tookey, Chair of the Audit Committee,
will step down from the Royal London Board after the Company's Annual General
Meeting (AGM) on 3 June 2025, and that Gregor Stewart, who has joined the
Board as a non-executive director with effect from 2 June 2025, will become
Chair of the Audit Committee, subject to regulatory approval.

Mr. Tookey has served as a non-executive director of Royal London since April
2020, adding substantial value to the Board's deliberations. He had informed
the Board earlier this year of his intention to retire at the AGM, following a
distinguished 40-year career in the City.

Mr. Stewart brings to the Board extensive experience across the insurance and
asset management industries, at both executive and non-executive level. He
qualified as a chartered accountant in 1988, becoming a partner in EY's
financial services practice in 1999. During a 23-year career at EY, his focus
included large audit and advisory clients across the insurance, pensions and
investment management industries. He subsequently joined Lloyds Banking Group
plc, which included Scottish Widows, for four years as Finance Director of its
Insurance Division. He currently serves as Chair of FNZ Group and
non-executive director of Direct Line Insurance Group plc, and was previously
Chair of Alliance Trust plc and Chair of Quilter Financial Planning Ltd.

Commenting, Isabel Hudson, Chair of Royal London, said:

"On behalf of the Board, I would like to extend our deepest gratitude to Tim
for his significant contribution to Royal London over the past five years.
Tim's extensive experience and dedication have been instrumental in guiding
the company through some significant milestones. We wish him all the best in
his well-deserved retirement.

"I am also delighted to welcome Gregor to the Board. Gregor brings a wealth of
financial services experience, including across the insurance and pensions
sector, both at the executive and non-executive level, together with proven
audit and board-level leadership. This will be invaluable as we continue to
drive Royal London forward. We look forward to his contribution and the
significant experience that he will bring to our Board."

Gregor Stewart added:

"I am honoured to join the Board of Royal London, a mutual with a rich history
and a strong commitment to its members and customers. I'm looking forward to
working with my fellow Board members to support Royal London's growth and
strategy to deliver exceptional value to members, customers and
advisers."

-Ends-

For further information please contact:

Lora Coventry, Senior PR Strategy Manager (lora.coventry@royallondon.com
(mailto:lora.coventry@royallondon.com) / 07919 170673)

 

About Royal London

Royal London is the largest mutual life, pensions and investment company in
the UK, and in the top 30 mutuals globally*, with assets under management of
£173 billion, 8.7 million policies in force and over 4,500 employees. Figures
quoted are as at 31 December 2024.

*Based on total 2022 premium income. ICMIF Global 500, 2024

 

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