REG - Phoenix Group Hldgs - Board Changes

Phoenix groupAnnouncement

18/08/2025 10:15

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RNS Number : 6033V  Phoenix Group Holdings PLC  18 August 2025

LEI: 2138001P49OLAEU33T68

 

18 August 2025

 

Phoenix Group Holdings plc - Board Changes

 

The Board of Phoenix Group Holdings plc ("Phoenix" or the "Group") announces
the following changes:

 

·    Belinda Richards, Group Independent Non-Executive Director, will be
retiring from the Board on 24 August 2025, having served almost eight years.

 

·    Karin Cook will be appointed to the Group Board as an Independent
Non-Executive Director, and as a member of its Risk and Sustainability
Committees with effect from 25 August 2025. Within the Group, Karin is
currently an Independent Non-Executive Director of the Group's Life
Companies 1  Boards and a member of its Risk Committee, and SunLife Limited.
Karin is also an Independent Non-Executive Director of NatWest Holdings
Limited (holding company of NatWest Group's ring-fenced operations including
its retail, commercial and wealth businesses) and a member of its Board Audit
and Remuneration Committees. Karin brings over thirty years of
customer-focused, digital, operational and transformation experience gained
from previous leadership roles in multiple large groups (including as the
Chief Operating Officer of Quilter plc, Director, Group Operations at Lloyds
Banking Group and senior roles at HSBC, Morgan Stanley and Goldman Sachs).
Karin has a commitment to diversity, equity and inclusion and has been
recognised in the past in the LGBT Great's Top 50 Executive Allies, the FT
OUTstanding LGBT+ Role Model list and as Stonewall Senior Champion of the
Year.

 

·    Mark Gregory, Group Independent Non-Executive Director and Chair of
the Group Board Risk Committee will be appointed as an Independent
Non-Executive Director of the Group's Life Companies Boards, member of the
Life Companies Nomination Committee and also Chair of its Risk Committee with
effect from 25 August 2025.

 

·    Eleanor Bucks, Group Independent Non-Executive Director will be
appointed as a member of the Group Audit Committee with effect from 25 August
2025.

 

·    David Scott, Group Shareholder Nominated Non-Executive Director by
Aberdeen Group plc ("Aberdeen") will retire from the Board on 31 August 2025.

 

·    Siobhan Boylan, Chief Financial Officer ("CFO") of Aberdeen will be
appointed in his place with effect from 1 September 2025.   Siobhan has
strong executive director level experience in her current role at Aberdeen and
previous roles as CFO of Coutts & Co and CFO of Brewin Dolphin (a
constituent of the FTSE 250 until its acquisition by Royal Bank of Canada in
2022). Until recently, she was also a Non-Executive Director of Jupiter Fund
Management plc bringing additional experience in a non-executive capacity to
the Board.

 

Commenting on the changes, Sir Nicholas Lyons, Chair of Phoenix said:

"On behalf of the Board, I would like to thank Belinda for her commitment,
challenge and outstanding contribution to the Group during her tenure and I
wish her every success for the future.

 

We are delighted that Karin and Mark have agreed to take on additional
responsibilities. Their appointments are aligned to further increasing
interaction and connectivity, whilst maintaining independence between our
Group and Life Companies' Boards with their collective backgrounds being of
great value to discussions at both board levels.

 

Both Eleanor and Karin will provide additional skills and ensure the required
membership composition for their respective committees is maintained in
accordance with the UK Corporate Governance Code 2024. Their strong challenge
and experience will be welcomed by the current members of the Audit, Risk and
Sustainability committees.

 

Finally, I would like to thank David for his excellent contribution to the
Board since joining on 11 May 2023. We wish David every success and happiness
in his retirement, and I look forward to welcoming Siobhan as a new
Non-Executive Director to the Board."

 

This announcement is made pursuant to LR 6.4.6 and 6.4.8 of the Listing Rules.
There is no further information required to be notified under Listing Rule
6.4.8 with reference to Karin Cook and Siobhan Boylan's appointments
referenced above.

 

Enquiries:

 Media                                                             Investors

 Shellie Wells, Corporate Communications Director, Phoenix Group   Claire Hawkins, Director of Corporate Affairs & Brand, Phoenix Group

+44 (0) 204 559 3161
 +44 (0) 204 559 3031
 Tom Blackwell, Managing Director, FTI                             Joanne Roberts, Investor Relations Director, Phoenix Group

 +44 (0) 7747 133 919                                              +44 (0) 204 559 4673

 

 1  The term "Life Companies" refers collectively to the Group's insurance
subsidiaries: Phoenix Life CA Limited, Phoenix Life Limited, ReAssure Life
Limited, ReAssure Limited and Standard Life Assurance Limited.

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