Directorate Change

RNS Number : 9490A

Legal & General Group Plc

27 March 2013

 



Legal & General Group Plc

Directorate Changes

27 March 2013

Legal & General Group Plc (the "Company") is pleased to announce the appointment of Lindsay Tomlinson as an independent Non-Executive Director of the Company with effect from 1 May 2013.

Lindsay has spent a large part of his career with Barclays Global Investors (BGI), joining the business in 1987. He held a range of senior management roles and became UK CEO in 1994 and Pan European CEO in 1996. He later became the firm's Vice-Chairman and following BlackRock's acquisition of BGI in 2009, he remained with the combined firm through the integration process before retiring in 2011. He was previously Chairman of the UK's National Association of Pension Funds, a position he held from 2009 to 2011 and is Chairman of the Code Committee of the Takeover Panel.  Lindsay was also a director of the Financial Reporting Council. Lindsay will join the Nominations Committee and the Remuneration Committee.

Henry Staunton, our current SID and Vice Chairman will be retiring from the Board at the end of Legal & General's AGM on 22 May 2013 when he will have completed nine years of service. Rudy Markham who joined the Board in 2006 has been appointed as Senior Independent Director and Vice Chairman to succeed Henry upon his retirement and Julia Wilson, who joined the Board in 2011, will succeed Henry as Chair of the Audit Committee.   Dame Clara Furse will be retiring from the Board on 1 May after having served on the Board for four years.

John Stewart, Chairman of Legal & General, said:

"Henry and Dame Clara have been valuable and distinguished members of the Board and its committees and I am particularly grateful to Henry in his support to me as Legal & General's SID and Vice Chairman. I and the Board would like to thank both Henry and Dame Clara for all of their hard work and wise counsel, and wish them both all the best for the future.

I am very pleased that Lindsay has agreed to join the Board of Legal & General. He brings a broad range of experience from his time in the investment management industry and his non-executive roles with the Takeover Panel and the National Association of Pension Funds. His experience will assist the Company in delivering the next stage of its growth strategy and I look forward to working with him. I am also very pleased with the appointments of Rudy and Julia and believe that these appointments will maintain the great strength of our Board 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 Lindsay's appointment as a Director of the Company. 

 

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