Royal London Royal London search for new Chair begins
03 Octobre 2024 - 8:00AM
RNS Regulatory News
RNS Number : 7364G
Royal London
03 October 2024
3 October
2024
Royal London search for new
Chair begins
By 31 December 2024, Kevin Parry, Chairman will
have served six years on the Board. He has informed the Board that
he does not wish to serve beyond this year and the Board has
therefore accepted his resignation in line with his notice period.
Lynne Peacock, current Deputy Chair, will take on his
responsibilities as Interim Chair with immediate effect. One of her
first actions will be initiating and overseeing a search for a new
Chair with the full support of the Board.
Kevin Parry
said:
"It has been
a privilege to chair Britain's leading mutual insurance and asset
management group. The Group needs to continue to develop its
strategy to take advantage of market opportunities for growth
across its insurance and asset management businesses for the
benefit of our members. That requires leadership from a chair who
can commit to a medium-term tenure of five or so years which is not
available to me. I am grateful to Lynne for agreeing to take on the
Interim Chair role whilst my successor is identified. I wish all my
colleagues and our members the very best for the future success of
Royal London."
Lynne Peacock,
Interim Chair said:
"On behalf of
the Board, I would like to thank Kevin for his advice and guidance
in leading the strategic development of Royal London over the time
of his tenure and wish him all the best in his next ventures.
Personally, I have known Kevin for many years and whilst I know
that we will all miss him, we understand the reasons for his
decision."
-Ends-
For
further information please contact:
Lora Coventry, Senior PR Strategy
Manager
lora.coventry@royallondon.com
/ 07919 170673
About Royal London
Royal London is the largest mutual life, pensions and investment
company in the UK, and in the top 30 mutuals globally*, with assets
under management of £169 billion, 8.5 million policies in force and
over 4,400 employees. Figures quoted are as at 30 June 2024. For
more information about Royal London, visit
royallondon.com.
*Based on total 2022 premium income. ICMIF
Global 500, 2024
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END
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