Appointment of Group Chief Financial Officer

Charles Taylor plc

Appointment of Group Chief Financial Officer

Charles Taylor is pleased to announce that Mark Keogh will be joining Charles Taylor plc on 16th June to become the Group Chief Financial Officer in succession to Tito Soso, the current Group Chief Financial Officer, who, as announced previously, has given notice. It is intended that Mark will join the board of Charles Taylor plc in due course.

Mark will join Charles Taylor from Meridien Restructuring, an interim management firm. He was previously Group Managing Director & Finance Director of Warner Estate Holdings plc, a quoted real estate investment trust. Mark has also acted as finance director of Severn Trent Water, Mowlem Construction Services and BP Marine. Mark is a qualified civil engineer, a Member of the Institution of Engineers of Ireland (MIEI), a Chartered Accountant (ACA - ICAEW) and a Chartered Taxation Adviser (CTA - ATII).

Tito Soso, current Group Chief Financial Officer, will remain with Charles Taylor to support Mark Keogh in the period leading up to the announcement of the Group's half year results on 29 August 2014. Mark's appointment has been made early in the half year reporting process in order to provide continuity and to ensure a seamless transfer of responsibilities.

David Marock, Group Chief Executive Officer, Charles Taylor plc said:

"Mark brings the perfect combination of skills and expertise to Charles Taylor. He has worked in various industries including the marine, energy, and industrial sectors, is a qualified civil engineer and accountant and has been the finance director of a business quoted on the London Stock Exchange. All of this should really help him understand our clients and the importance of the loss adjusting and mutual management work we do for them, along with being able to lead the Group finance team successfully. 

"I am very happy that Mark has been able to join Charles Taylor as we commence our half year reporting cycle. This will ensure a smooth and well-managed hand over of responsibilities to Mark from Tito Soso along with continuity of management during the reporting process."

-ENDS-

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Notes to editors

· Charles Taylor plc is a leading provider of professional services to clients across the global insurance market. The Group has been providing services since 1885 and today employs over 1,000 staff in 60 offices spread across 25 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.

· The Group offers services, principally on a fee-based model and operates through three businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers in run-off.

· Further information is available at www.ctplc.com 

Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.