Directorate Change

RNS Number : 2144R

FBD Holdings PLC

25 October 2019

 

FBD Holdings plc

25 October 2019

Resignation of Group Chief Executive

FBD Holdings plc announces that Fiona Muldoon, Chief Executive Officer, has informed the Board that she will leave her position as Executive Director and CEO during 2020. Fiona has been CEO since August 2015 having joined FBD as Executive Director and Chief Financial Officer in January 2015.

Liam Herlihy, Chairman of FBD, said:

"Fiona has transformed the commercial fortunes of FBD over the past four years. Her relentless focus on the business and its customers has been remarkable. The shareholders and the community we serve have benefitted from her tireless efforts. Succession planning is an important Board function and an executive search will commence."

Ms Muldoon said:

FBD Insurance is a fantastic Irish company and I am really proud of all that the company has accomplished in the last five years since taking over as CEO.  We have taken the business through a major repair, recovery and refocus operation through to its current state of strength and stability.  Our results speak for themselves and I wish the FBD team at Head Office in Bluebell and in our branches up and down the country every continued success as we proudly push on from here as the only independent Irish insurer in the Irish marketplace. As I prepare to move on I will endeavour to say goodbye in person to the many loyal colleagues, friends, shareholders and customers that I have met during my time here."

This announcement contains inside information for the purposes of Market Abuse Regulation (Regulation (EU) No. 596/2014). Upon publication of this announcement, this inside information is now considered to be in the public domain. Announcement classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State. The person responsible for making this announcement is Derek Hall, Company Secretary. The date and time of this announcement is the same as the date and time that it has been released on 25 October 2019.

For further information please contact:

Powerscourt
Jack Hickey	[phone]
Eavan Gannon	[phone]

About F.B.D. Holdings plc

FBD is one of Ireland's largest property and casualty insurers looking after the insurance needs of farmers, private individuals and business owners.

The following details relate to FBD's ordinary shares of €0.60 each which are publicly traded:

Listing	Euronext Dublin	UK Listing Authority
Listing Category	Primary	Premium (Equity)
Trading Venue	Euronext Dublin	London Stock Exchange
Market	Main Securities Market	Main Market
ISIN	IE0003290289	IE0003290289
Ticker	FBD.I or EG7.IR	FBH.L

FBD Holdings plc, FBD House, Bluebell, Dublin 12, Ireland

Registered in Dublin, Ireland.   Registered Number 135882

 

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