Directorate Change

RNS Number : 4024E

Legal & General Group Plc

06 April 2011

 



Legal & General Group Plc - Directorate Changes

Legal & General Group Plc (the "Company") is pleased to announce the appointment of Mike Fairey as an independent Non-Executive Director of the Company with effect from 1^st May 2011.

Mike was previously Deputy Group Chief Executive, Lloyds TSB Group Plc from 1998-2008. Mike is currently Chairman of Horizon Acquisition Company Plc, a Non-Executive Director of Northern Rock Plc, Danske Bank AS, Vertex Group Limited and The Energy Saving Trust Limited and Chairman of the Lloyds TSB Group Pension Trust Ltd. Mike will join the Remuneration Committee, Audit Committee and Nominations Committee.

Sir David Walker and James Strachan will be retiring from the Board at the end of Legal & General's AGM on 25^th May 2011 when they will have completed 9 and 8 years service respectively as Directors. Henry Staunton who joined the Board in 2004 has been appointed as Senior Independent Director and Vice Chairman to succeed Sir David upon his retirement. Rudy Markham, who joined the Board in 2006, will succeed Sir David as Chair of the Remuneration Committee. Nick Prettejohn, who joined the Board in 2010, is appointed as Chairman of the Group Risk Committee.

John Stewart, Chairman of Legal & General, said:

"Sir David and James have been very effective and distinguished members of the Board and its committees. They have both made a very strong contribution to the success of Legal & General over many years, and I and the Board would like to thank both Sir David and James for all their hard work and wise counsel, and wish them both all the best for the future.

"I am very pleased that Mike has agreed to join the Board of Legal & General. He brings a strong intellect and a wealth of UK financial services experience and knowledge to the role, and I look forward to working with him. I am very pleased also with the appointments of Henry, Rudy and Nick which will maintain the great strength of the Board and its Committees"

No other information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules of the Financial Services Authority in relation to Mike's appointment as a Director of the Company. 

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