Directorate Change, CFO

Direct Line Insurance Group PLC

10 October 2024

 

Direct Line confirms the appointment of Jane Poole as Group Chief Financial Officer

10 October 2024

Direct Line Insurance Group plc ('DLG') is pleased to announce that Jane Poole has joined DLG as Group Chief Financial Officer and has been appointed to the Board as an Executive Director with effect from today. Jane has also been appointed as a member of the Board's Investment Committee.

Adam Winslow, Chief Executive Officer, Direct Line Group, commented: "We are delighted to welcome Jane Poole to the Group. She will have a transformative impact on our business. Jane's deep knowledge of the insurance sector and regulatory frameworks, combined with a strong track record of running high performing finance functions, will be invaluable. She will be instrumental in driving for delivery of our targets for shareholders, as we move to execute our strategic plan and position Direct Line Group as the customers' insurer of choice."

As announced on 10 April 2024, Jane is succeeding Neil Manser, who has ceased to be CFO and an Executive Director, also with effect from today. We thank him for his service and wish him well for the future.

This announcement is made in accordance with the requirements of Listing Rules 6.4.6-7. No other information is required to be disclosed pursuant to Listing Rule 6.4.8 in relation to Jane's appointment as a Director of DLG.

Notes to Editors

1. Jane Poole will receive an annual salary of £550,000 and a pension allowance of 9% of salary. She will also be eligible to participate in DLG's existing annual incentive plan up to a maximum of 175% of salary and the long term incentive plan up to 200% of salary per annum. Jane will also receive awards to compensate for remuneration arrangements forfeited on leaving her previous employer. All remuneration arrangements are consistent with the terms of the Directors' Remuneration Policy approved by shareholders at the AGM in May 2023.

2. Details of the remuneration arrangements for Neil Manser will be published on the Company's website as soon as reasonably practicable pursuant to section 430(2B) of the Companies Act 2006.

For further information please contact:

DHRUV GAHLAUT	ROGER LOWRY
CHIEF STRATEGY AND INVESTOR RELATIONS OFFICER	DIRECTOR OF CORPORATE AFFAIRS
Mobile: [phone]	Mobile: [phone]

LEI: 213800FF2R23ALJQOP04

 

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