Chesnara Enhances M&A and Commercial Capabilities

RNS Number : 5194U

Chesnara PLC

02 August 2022

 

LEI Number: 213800VFRMBRTSZ3SJ06

02 August 2022

CHESNARA plc

("Chesnara" or "the Company")

CHESNARA ENHANCES M&A AND COMMERCIAL CAPABILITIES

Chesnara plc ("Chesnara" or "the Group"), the European life insurance consolidator, today announces two senior leadership changes.

Al Lonie, Group Company Secretary, will take up a new role as the Group Chief of Staff helping to drive and oversee the Group's wider strategic agenda and delivery, including driving value from acquisitions.  He will continue to be a member of the Group Executive Committee.

The Group has also appointed Amanda Wright as Group General Counsel and Company Secretary.  She will be responsible for providing commercial and legal advice to the board and wider leadership team on key areas of Chesnara's wider strategic development, including acquisitions, as well as supporting strong governance across the Group as Company Secretary.  She will also be a member of the Group Executive Committee.

Amanda will join Chesnara later in the year from abrdn plc where she has most recently been Head of Strategic Relationships.  She brings over 15 years of experience in the financial services sector across M&A, Outsourcing, commercial contract negotiation and legal advisory. 

Steve Murray, Group CEO, said:

"The changes we are announcing today further enhance the strength of our senior leadership team.  We are delighted to welcome Amanda to Chesnara, who brings a wealth of experience across financial services and a wide range of commercial disciplines.  Her capabilities in M&A, outsourcing and wider commercial negotiation strongly align with our focus at Chesnara.  I am also delighted we will continue to benefit from Al's extensive insurance experience in his exciting new role.  These further changes will help ensure we are well placed to pursue the strategic opportunities we continue to see, including the delivery of future acquisitions."

For further information, please contact:

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - [e-mail]

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - [e-mail]

Notes to Editors

Chesnara is a European life and pensions consolidator listed on the London Stock Exchange.  It administers approximately one million policies and operates as Countrywide Assured and Sanlam Life & Pensions in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 17 years in succession.

Further details are available on the Company's website ( www.chesnara.co.uk ).

 

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