1st Sep 2005 07:01
BRIT Insurance Holdings PLC01 September 2005 PRESS RELEASE 1 September 2005For immediate release Brit Insurance Holdings PLC Appointment of Chief Operating Officer Brit Insurance Holdings PLC ("Brit"), the UK general insurer, is pleased toannounce the appointment of Kathy Lisson as Chief Operating Officer ("COO") tofurther consolidate the Group's position at the forefront of strategicoperational change and market reform. The move follows Dane Douetil's appointment as Chief Executive Officer in April2005. Kathy is joining Brit from UK-based financial services group, Barclays PLC,where as Operational Transformation Director she was responsible for majorstrategic investment programmes and operations redesign for the Barclays groupof companies. In addition, as a board member of Intelligent ProcessingSolutions Ltd, the clearing corporation which is the largest processor ofcheques in the UK, she has also led broad processing reform initiatives for thesector. In her role as COO, Kathy will join Brit's Executive Management Committeeproviding Dane with Board level operational and strategic support as well ashaving responsibility for the management and development of Group processes. Kathy, who will join Brit on 26 September 2005, has broad global experience inthe financial services sector both on a corporate and consultancy basis. Prior to working with Barclays she was an Executive Vice President of the Bankof Montreal. In addition, she spent a number of years as a Partner of PriceWaterhouse in Toronto where her consultancy experience included transformationalengagements within the general insurance sector. Brit Chief Executive Officer, Dane Douetil, commented on the appointment: "Kathybrings with her a wealth of experience in the operations and technology arena aswell as FTSE 100 company experience. As such she is ideally qualified to make asignificant contribution both to the development of Brit itself and to widerindustry thinking on such key market reform issues as contract certainty andaccounting and settlement. We are delighted Kathy has chosen to join us at thisexciting time for Brit." - ENDS - For Further information Brit Insurance Holdings PLCDane Douetil 020 7984 8500Haggie FinancialPeter Rigby 020 7417 8989 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BRE.L