Appointment of Director

RNS Number : 6273B

FBD Holdings PLC

08 January 2015

 



FBD Holdings plc

8 January 2015

Appointment of Director

FBD Holdings plc ("FBD" or the "Group") is pleased to announce the appointment of Ms. Fiona Muldoon as an executive Director and member of its Board.  Ms. Muldoon will join FBD and the Board on 19 January 2015 as Group Finance Director designate and will take up the role of Group Finance Director following the announcement of the Group's Preliminary Results for 2014, scheduled for 2 March 2015.  She will succeed Mr. Cathal O'Caoimh who has expressed a wish to retire.

Ms. Muldoon, a Chartered Accountant, was Director of Credit Institutions and Insurance Supervision at the Central Bank of Ireland from August 2011 to May 2014.  Prior to this she was with XL Group for seventeen years and held a number of senior roles with this NYSE listed Property & Casualty Insurance firm in Ireland, London and Bermuda, including two years as Group Treasurer until July 2010.

Mr. O'Caoimh will remain on the Board and will lead a number of strategic projects, including the implementation of a new policy administration system in the Group's underwriting subsidiary, FBD Insurance plc.

Commenting on the changes announced, the Chairman, Mr. Michael Berkery, said:

"Since joining FBD in October 2008, Cathal O'Caoimh has served the Group with distinction and has been a central contributor to its strategic and operational success.  He has agreed to postpone his retirement to facilitate a seamless transition of responsibility to his successor and to complete a number of strategic projects.  I want to record my deep appreciation to Cathal for his outstanding contribution to the Group and for his ongoing commitment and professionalism.

I am pleased to announce Fiona's appointment to the Board and as a Group executive.  She is a dynamic individual with tremendous experience at a leadership level in the general insurance industry and I look forward to her contribution to the development of the Group."

Disclosures required under the Listing Rules

FBD confirms that:

1.    There are no details requiring disclosure in respect of Ms. Muldoon under listing rule 6.6.7 (2) to (6) of the Irish Stock Exchange; and

2.    There are no details requiring disclosure in respect of Ms. Muldoon under listing rule 9.6.13 (2) to (6) of the UK Listing Authority.

For Reference	Telephone
FBD Holdings plc
Conor Gouldson, Company Secretary	[phone]
Murray Consultants
Joe Heron	[phone]

FBD Holdings plc    FBD House, Bluebell, Dublin 12 Registered in Dublin, Ireland Registered Number 135882

 

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