11th Nov 2011 13:00
Changes to RSA Operational Structure and Executive Team
RSA announces changes to the Group's operating structure and Executive Team. The Group will be organised into four regions, UK & Western Europe, Scandinavia, Canada and Emerging Markets.
These changes will be effective from 1 January 2012.
Under this new structure:
Mike Holliday-Williams, CEO Scandinavia and Rowan Saunders, CEO Canada will join the Group Executive Team. Adrian Brown, currently CEO UK, will become CEO UK and Western Europe. This region will comprise our UK, Irish and Italian businesses, as well as our Specialty operations in Spain, France, Germany, the Netherlands, Belgium and Italy. Our Emerging Markets structure remains unchanged under Paul Whittaker.Commenting on the changes, Group CEO Simon Lee said:
"This new structure reflects the significant contribution our Scandinavian and Canadian businesses make to the Group's results and will drive improved performance across our UK and Western European region. The changes will also strengthen the business representation on my Group Executive."
-ENDS
For further information:
| Analysts | Press | ||||||||||||||||||||||
| Claire Cordell | Louise Shield | ||||||||||||||||||||||
| Tel: +44 (0) 20 7111 7212 | Tel: +44 (0) 20 7111 7047 | ||||||||||||||||||||||
| Simon Sperryn-Jones | Bart Nash | ||||||||||||||||||||||
| Tel: +44 (0) 20 7111 7140 | Tel: +44 (0) 20 7111 7336 |
Notes to editors:
1.
| The Group's existing structure: | New structure: | ||||
| UK UK and Specialty operations in Spain, France, Germany, the Netherlands, Belgium and Italy | UK & Western Europe UK, Ireland, Italy and Specialty operations in Spain, France, Germany, the Netherlands, Belgium and Italy | ||||
| International Canada, Ireland, Italy, Scandinavia (Denmark, Sweden, Norway and Finland) | Scandinavia Denmark, Sweden, Norway, Finland | ||||
| Canada | |||||
| Emerging Markets Latin America, Asia & Middle East, Central and Eastern Europe | Emerging Markets Latin America, Asia & Middle East, Central and Eastern Europe |
2. RSA Group's 2011 year end results will be presented under the existing structure as the changes will be effective from 1 January 2012.
3. Management Biographies
Adrian Brown, CEO UK
Adrian was appointed CEO of the UK in September 2008 and was appointed to the RSA Board in July 2011. Adrian is a qualified management accountant and has been with RSA since 1989. He was previously the UK Chief Operating Officer with responsibility for Claims, Sales and Service, IT and Change across Personal and Commercial lines, and prior to that was UK Director of Personal lines and led the launch of MORE TH>N.
Rowan Saunders, CEO Canada
Rowan was appointed CEO of RSA Canada in September 2003 and is a member of the Canadian Board of Directors. Rowan joined RSA in 1987 and has held leadership positions in underwriting, marketing, sales and finance. Previously he was Vice President, RSA Personal Insurance, Vice President, Western Assurance Co., an Ontario-focused niche insurer, and President, Agilon Financial, an affiliated company of RSA Canada, where he was responsible for the company's strategic development, operations, and overall financial performance.
Mike Holliday-Williams, CEO Scandinavia
Mike Holliday-Williams was appointed CEO of Scandinavia in February 2011. Mike is also CEO of Codan A/S, and CEO of Trygg-Hansa. Prior to this, he was the Managing Director for RSA's UK Personal Lines operation, which includes MORE TH>N and was previously the Managing Director of RSA's UK Retail business. Before joining RSA, Mike worked in the energy, telecoms and retail sectors, beginning his career at WH Smith Ltd, before subsequently moving to various Centrica owned businesses, including British Gas and Onetel.
Paul Whittaker, CEO Emerging Markets
Paul was appointed CEO of Emerging Markets in 2006, having been Group Human Resources Director since 2003. He has over 20 years' senior management experience in the financial services sector including three years at AXA and ten years at GE Capital, including work in Asia and Eastern Europe on acquisition integration and business development.
About RSA
With a 300 year heritage, RSA is one of the world's leading multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East, Latin America and Central and Eastern Europe and has the capability to write business in over 130 countries. Focusing on general insurance, RSA has around 22,000 employees and, in 2010, its net written premiums were £7.5 billion.
Important Disclaimer
This press release may contain 'forward-looking statements' with respect to certain of the Group's plans and its current goals and expectations relating to its future financial condition, performance results, strategic initiatives and objectives. Generally, words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group's control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation and other regulations in the jurisdictions in which the Group and its affiliates operate. As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward-looking statements. Forward-looking statements in this press release are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.
Copyright Business Wire 2011
Related Shares:
RSA.L