17th Mar 2009 07:01
17 March 2009
Friends Provident plc Directorate Change
Friends Provident plc announces today the retirement of Lady Judge, the deputy chairman, from the Board of Friends Provident plc, effective from 21 May 2009, the date of Friends Provident's Annual General Meeting. Friends Provident also announces the appointment of Rodger Hughes to the Board as an independent non-executive director with effect from 31 March 2009, subject to regulatory approval by the Financial Services Authority.
Lady Judge joined the Board of the Friends' Provident Life Office (as it then was) in 1994. She became deputy chairman in 1998 and continued in that role following demutualisation in 2001. She played an important part in guiding the Group through its listing process at that time, and has subsequently been chairman of its Remuneration Committee, deputy chairman of its Investment Committee and a member of its Chairman's Committee and Nominations Committee.
Rodger Hughes is a Chartered Accountant who was a partner at PricewaterhouseCoopers (PwC) for 25 years and spent 37 years at the firm before he retired in 2007. From 2002 to 2006 he was managing partner, clients and markets and from 1995 to 2002 he was leader, assurance and business advisory services. He has had extensive experience advising a wide range of clients on business issues and had extensive financial services experience earlier in his career.
Rodger Hughes is senior non-executive director and chairman of Audit Committee at Chime Communications plc, non-executive Board Member and chair of Audit Committee at Simmons & Simmons, and member, Steering Board and chairman of Audit Committee at Companies House. He will join the Board on 31 March.
Sir Adrian Montague, chairman of Friends Provident plc said:
"I would like to thank Lady Judge on behalf of the Board for her dedicated work for Friends Provident. Her roles outside Friends Provident and her international regulatory and business experience have enabled her to make a significant contribution to the Board, especially on corporate governance issues. I am very grateful to Lady Judge for the commitment to Friends Provident and for the excellent judgement she has shown over many years.
"I am delighted to welcome Rodger to the Board. He has a wealth of knowledge about the financial services sector in the UK, a great deal of international experience in Europe, the Middle East and the rest of the world. His experience will be invaluable to the Friends Provident Group and we very much look forward to working with him."
- Ends -
Journalists requiring further information should contact:
|
Nick Boakes |
Friends Provident plc |
0845 641 7814 |
|
Peter Timberlake |
Friends Provident plc |
0845 641 7834 |
|
Chris Ford |
Friends Provident plc |
0845 641 7832 |
|
Vanessa Neill Alex Simmons |
Finsbury Limited |
020 7251 3801 |
Ref: J032
Notes to Editors
About Friends Provident:
Friends Provident plc is a UK-listed life and pensions company, originally founded in 1832 to alleviate the hardship of Quaker families facing misfortune. Friends Provident's strategy today is to operate in markets where it can deploy its award-winning strengths in technology and service to gain competitive advantage. Since its demutualisation in 2001, the company has developed strong offerings in pensions and protection to complement its historic With Profits business, and now prioritises international growth. Friends Provident is fully committed to the principles of the FSA initiative 'Treating Customers Fairly'.
Friends Provident distributes its products through intermediaries in the UK and around the world. Its key business lines in the UK are protection and corporate pensions. Friends Provident International develops competitive savings, investment and pensions products for a broad and diverse range of markets including Hong Kong, the United Arab Emirates and Germany.
Friends Provident wholly owns the Luxembourg-based company Lombard, a leading pan-European life assurance company which specialises in the use of life assurance as a wealth management solution for high net-worth investors, and Sesame, a leading UK supplier of intermediary support services to financial advisers providing services to over 7,500 financial advisers across the UK offering life assurance, mortgages and savings arrangements.
For more information on Friends Provident including, photos, awards, fast facts, presentations, and media contacts please visit the media section at www.friendsprovident.com/media
Related Shares:
Fondul Proprietatea