REG - Phoenix Group Hldgs - Directorate Change

Phoenix groupAnnouncement

10/03/2023 09:00

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RNS Number : 4972S  Phoenix Group Holdings PLC  10 March 2023

LEI: 2138001P49OLAEU33T68

 

9 March 2023

 

Phoenix Group Holdings plc - Board Changes

 

The Board of Phoenix Group Holdings plc ("Phoenix Group" or "the Group")
announces that Kory Sorenson will retire from the Board on 30 June 2023 after
serving 9 years as an Independent Non-Executive Director.   Kory has served
as Chair of the Remuneration Committee since 11 May 2017 and as a member of
the Nomination, Risk and Sustainability Committees.

 

Kory will be succeeded as Chair of the Remuneration Committee by Nicholas
Shott with effect from the conclusion of the Annual General Meeting on 4 May
2023, subject to shareholder and regulatory approvals.

 

This announcement is made pursuant to LR 9.6.11 of the Listing Rules.

 

The Phoenix Board is pleased to announce that Mark Gregory will be appointed
as an independent Non-Executive Director and a member of the Risk Committee
with effect from 1 April 2023.

 

Mark is a former FTSE 100 Chief Financial Officer and divisional Chief
Executive Officer ("CEO") with a breadth of experience across financial
services and retail. He has a deep knowledge and understanding of the
Insurance industry gained from a near 20 year career at Legal & General
(L&G), as well as non-executive roles on FTSE 100 and 250 Boards.

 

He has extensive experience in both life and general insurance, audit,
regulation, investment management and M&A with recent executive experience
at L&G and Merian Global Investors.   Mark is currently a Non-Executive
Director at Direct Line Insurance Group plc where he is also their Chair of
the Risk Committee and a Member of the Audit, Remuneration and Investment
Committees.

 

Mark was a Non-Executive Director, Chair of the Remuneration Committee and a
Member of the Audit and Nomination Committees at Entain plc.  Mark was also
CEO of Merian Global Investors from January 2019 to August 2020.

 

Commenting on the changes, Alastair Barbour, Chair of Phoenix Group said:

"I would like to thank Kory for the significant contribution she has made to
Phoenix during her time on the Board, in particular as Chair of the
Remuneration Committee for almost 6 years."

 

"We are delighted that Mark has agreed to join the Board of Phoenix Group
Holdings plc. He is an accomplished executive with significant experience in
the financial services, insurance and investment management sectors and will
bring additional capability/skills as Phoenix pursues its long-term
strategy".

 

There is no further information required to be notified under Listing Rule
9.6.13 R with regard to Mark's appointment referred to above.

 

Enquiries:

 Media                                                             Investors
 Douglas Campbell                                                  Claire Hawkins, Corporate Affairs Director, Phoenix Group

                                                                 +44 (0) 204 559 3161
 Teneo

                                                                 Andrew Downey, Investor Relations Director, Phoenix Group
 +44 (0)7753 136628

                                                                 +44 (0) 204 559 3145
 Shellie Wells, Corporate Communications Director, Phoenix Group

 +44 (0) 204 559 3031

 

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