28th Jan 2010 10:00
28 January 2010
RESOLUTION LIMITED
Registered Office: Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands
Company Number: 49558
Death of Sir Mervyn Pedelty
With great sadness Resolution Limited (Resolution) announces that Sir Mervyn Pedelty, a non-executive director of the Company, died on 26 January.
Sir Mervyn was appointed to the Board of Resolution and as Chairman of Friends Provident Holdings (UK) Limited (FPH) on 5 November 2009, following completion of Resolution's acquisition of Friends Provident, and had been an independent non-executive director of Friends Provident since October 2006. Sir Mervyn had a distinguished career in the financial services sector, most notably as Chief Executive of The Co-operative Bank plc, from 1997 to 2004.
The Board will announce the appointment of a new Chairman of FPH in due course.
Mike Biggs, Chairman of Resolution, said:
"We are deeply saddened to learn of Sir Mervyn's death. He was a man of considerable talents and his contribution will be greatly missed. On behalf of everyone in the Resolution Group, we extend our deepest sympathy to his family"
Trevor Matthews, CEO of Friends Provident, said:
"Sir Mervyn was a very effective director of Friends Provident and a delightful man to work with. We will all miss him."
Enquiries:
Media Alex Child-Villiers, Temple Bar Advisory +44 (0)7795 425580
Investors and Analysts Steve Riley, Resolution Operations +44 (0) 203 372 2908
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