4th May 2005 12:04
RAC PLC04 May 2005 RAC plc - Directorate change Aviva plc has today announced that the terms of their recommended Offer for theissued and to be issued ordinary share capital of RAC plc has been declaredunconditional in all respects. Simon Machell has been appointed as Managing Director of RAC plc with immediateeffect. Simon is Customer Services Director of Norwich Union Insurance Ltd(Norwich Union is a wholly-owned subsidiary of Aviva plc). He joined NorwichUnion 11 years ago and became a director in 1998. Andrew Harrison has relinquished the role of Chief Executive and remains on theBoard of RAC plc for a further six months in an advisory capacity. Otherwise,the current responsibilities of RAC plc's existing directors are unchanged; theExecutive Directors will report to Simon Machell. Patrick Snowball, an Executive Director of Aviva plc and Chief Executive ofNorwich Union together with Mark Hodges, Finance Director of Norwich Union arealso joining the RAC plc Board with immediate effect as non-independent,non-executive directors. In accordance with Chapter 16.4 of The Listing Rules, there are no furtherdetails required to be disclosed under paragraph 6.F.2(b) to (g). 4 May 2005 website: www.racplc.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aviva