12th Oct 2006 09:30
\* TIMMEDIATE 12 October 2006\* T \* T Royal & SunAlliance Changes to Operational Structure & Group Board Appointment\* T Royal & Sun Alliance Insurance Group plc today announces changes to the Group'soperating structure. The Group will be organised into three main operatingbusinesses, the UK, International and Emerging Markets. The new structurereflects the strategic focus of the Group set out to the market in June 2006.These changes will be effective immediately. The UK remains unchanged under CEO Bridget McIntyre. International will continueto be headed by Simon Lee, who will be appointed to the Board as an ExecutiveDirector, effective 1 January 2007. The International business will now includeScandinavia as well as Canada, Ireland and Italy. Paul Whittaker will become CEOof Emerging Markets which will comprise the Group's operations in Latin America,Asia & the Middle East, and the Baltics. Paul has over 15 years of generalmanagement experience in financial services with R&SA, AXA and GE Capital,including work in Asia and Eastern Europe. Paul is currently R&SA's Group HumanResources Director and part of the Executive Management team. Orlagh Hunt, HumanResources Director for International will be promoted to the role of Group HumanResources Director and will join the Executive Management team. Commenting on the changes, Group CEO, Andy Haste said "The new structurereflects our strategic focus and gives us a stronger platform to pursue ourobjective of profitable growth. Simon has delivered strong top and bottom linegrowth for International and will be an asset to the Board, while Paul'sexperience in emerging markets will allow us to continue to build our positionsin these high potential markets." For further information: \* TAnalysts Press---------------------------------------------------------------Helen Pickford Phil Wilson-Brown---------------------------------------------------------------Tel: +44 (0) 20 7111 7212 Tel: +44 (0) 20 7111 7047---------------------------------------------------------------Andrew Wigg James Murgatroyd (Finsbury)---------------------------------------------------------------Tel: +44 (0) 20 7111 7138 Tel: +44 (0) 20 7251 3801---------------------------------------------------------------\* T Notes to editors: 1. \* TThe Group's existing structure: New structure:--------------------------------------------------------------------------------UK UK--------------------------------------------------------------------------------International InternationalCanada, Ireland, Italy Canada, Ireland, ItalyLatin America, Asia & Middle East Scandinavia (Denmark, Sweden & Norway)--------------------------------------------------------------------------------Scandinavia Emerging MarketsDenmark, Sweden & Norway Latin America, Asia & Middle EastThe Baltics The Baltics--------------------------------------------------------------------------------\* T 2. Simon Lee, 45, has been Chief Executive of R&SA's International businesssince April 2003. Previously he spent 17 years with the National WestminsterBank Group, in the UK and US including time as Chief Executive, NatWest Offshoreand Head of US Retail Banking. Simon Lee's salary will be £350,000 and he willbe on a standard 12 month contract. 3. Paul Whittaker, 47, has been R&SA's Group HR Director since April 2003. Hehas over 15 years senior management experience in the financial services sectorincluding three years at AXA and 10 years at GE Capital, including work in Asiaand Eastern Europe on acquisition integration and business development. 4. Orlagh Hunt, 34, has been HR Director for International since September 2003.She was previously Head of Human Resources for AXA Sun Life and has previouslyworked at Pepsi Co and Tesco in a variety of HR management roles. 5. Internal monitoring of financial performance and reporting to the Board willcontinue to be on the existing structure until the end of the year. The newstructure will come into effect for financial reporting purposes from 1stJanuary 2007. Important Disclaimer This press release contains forward looking statements as defined in the U.S.Private Securities Litigation Reform Act of 1995. The forward looking statementsare based on management's current expectations or beliefs as well as a number ofassumptions about future events, and are subject to factors and uncertaintiesthat could cause actual results to differ materially from those described in theforward looking statements. The agreement is subject to the execution ofdefinitive documents by the parties. The Company does not assume any obligationto update any forward looking statements, whether as a result of newinformation, future events or otherwise. Copyright Business Wire 2006Related Shares:
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