REG - SAGA Plc - Directorate Change

SagaAnnouncement

05/01/2021 07:00

RNS Number : 5151K
  
SAGA PLC
  
05 January 2021
  
 

5 January 2021
Saga plc
Directorate Change 
Pursuant to Listing Rule LR.9.6.11, Saga plc today announces that Cheryl Agius has informed the Board of her intention to step down from her role as Chief Executive Officer of Saga Insurance and as an Executive Director of Saga plc with immediate effect for personal reasons. 
Euan Sutherland, Group CEO of Saga plc, assumes the responsibilities of Interim CEO of Saga Insurance until a suitable replacement is appointed, supported by the Executive Leadership Team and the senior management of the Insurance business. The search for a successor has commenced and this process is expected to take several months to complete.
Euan Sutherland, Group Chief Executive Officer of Saga plc, said:
"Our Insurance business has performed resiliently under Cheryl's leadership despite challenging market conditions and she departs with the business well placed to deliver on the opportunities we have identified as part of our new strategy. I'd like to thank Cheryl for her contribution to Saga and wish her well for the future."    
Sir Roger De Haan, Chairman of Saga plc, said:
''I would like to thank Cheryl for her work and commitment and wish her well for the future. We are focused on finding the right individual to replace Cheryl and to continue to drive our Insurance business forward for our customers. Until this appointment is made, Euan and the management team continue to implement our transformation strategy."
For further information please contact



Saga plc
Investor Relations
Emily Roalfe, Head of Investor Relations


 
Tel: 07732 093007
Email: emily.roalfe@saga.co.uk




Vicki Haynes, Company Secretary


Tel:07803 602139
Email:  vicki.haynes@saga.co.uk




Media Enquiries 
Headland Consultancy








Susanna Voyle


Tel: 07980 894557




Henry Wallers


Tel: 07876 562436








Email:saga@headlandconsultancy.com



 

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