REG - Walker Crips Group - Appointment of Non-Executive Chairman

Walker CripsAnnouncement

31/03/2025 17:45

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RNS Number : 9870C  Walker Crips Group plc  31 March 2025

31 March 2025

 

Walker Crips Group plc

("Walker Crips" or the "Company")

 

Appointment of Non-Executive Chairman

 

Walker Crips Group plc announces that Jo Welman has joined the Company as
Non-Executive Chairman and Board Director, taking over from Martin Wright who
is stepping down as a Director, effective on 30 April 2025.

 

Jo began his career at Baring Asset Management, where he spent ten years
managing substantial UK and US pension scheme assets and authorised equity
unit trusts. In 1989, he was appointed Chief Executive of Rea Brothers
Investment Management, then the loss-making investment management subsidiary
of Rea Brothers, a merchant bank. Under his leadership, the business was
successfully transformed, with its High Net Worth and specialist fund
franchises representing approximately 30% of the banking group's profits by
the time of its acquisition by Close Brothers Group plc in 1997.

 

Jo stepped down from the board of Close Brothers to assume the Chairmanship of
Brit Insurance Holdings plc ("Brit"), a company he co-founded in 1995. In
2001, in partnership with Brit, he established Epic Investment Partners, an
innovative specialist fund and fixed income asset manager, which was later
acquired by AIM-listed Syndicate Asset Management. In addition, Jo is a
non-executive director of Ark Syndicate Management, the successful Lloyd's of
London and Bermudan underwriter.

 

Sean Lam, Chief Executive Officer, commented: "Jo has been at the sharp end of
the financial services industry for 40 years and we look forward to the
leadership that he will bring to the Board, and the valuable experiences that
he will bring to our business."

 

We would like to express our appreciation and thanks to Martin for his
significant contribution since joining the Board in 1996 and as our Chairman
since 2020. During Martin's tenure as Chair, he has provided invaluable
leadership and strategic oversight to the Company. His commitment has been
second to none, and his steady leadership has been invaluable to the Company.
On behalf of the executive team and all members of the firm, I extend our
sincere gratitude to Martin, and wish him well for the future."

 

The information required by UK Listing Rule 6.4.8 in respect of Jo Welman will
be announced separately.

 

 

For further information, please contact:

 

 Walker Crips Group plc                  Tel:   +44 (0)20 3100 8000

 Craig Harrison, Media Relations
 Singer Capital Markets                  Tel:   +44 (0)20 7496 3000

 Charles Leigh-Pemberton / Asha Chotai

 

Further information on Walker Crips Group is available on the Company's
website: www.walkercrips.co.uk (http://www.walkercrips.co.uk/)

 

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