21st Nov 2011 15:17
BOARD / DIRECTORATE CHANGE
RSA plc announces that George Culmer has resigned to take up the position of Group Finance Director of Lloyds Banking Group plc.
George will remain as a Director and Chief Financial Officer of RSA until an as yet to be agreed leaving date.
Simon Lee, Chief Executive of RSA, said:
"I would like to thank George for his significant contribution to RSA over the last eight years and for his continuing involvement to ensure a smooth transition to his successor."
George Culmer said:
"I have thoroughly enjoyed being part of the senior leadership team at RSA as we have rebuilt the Company's strength and vitality and it's now in a very strong position. However, the role at Lloyds was one that I could not turn down and I wish Simon and my RSA colleagues continued success."
-ENDS
Notes to editors:
1. Mr Culmer has a 12 month notice period
Enquiries:
| 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 |
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
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