Admiral Group PLC Admiral Group Plc : Directorate Change

 
TIDMADM 
 
 
   25 January 2017 
 
   Chairman 
 
   Admiral Group plc announces that Alastair Lyons, who has held the role 
of Non-executive Chairman since June 2000, has notified it that he does 
not intend to seek re-election as a director of the Admiral Group at the 
forthcoming Annual General Meeting on 26 April 2017. 
 
   Commenting on his retirement Alastair said: "With the change of CEO last 
year from Henry to David successfully completed, it is the right time 
for me also to handover. It has been fantastic to have been on the 
journey with Admiral since the management buy-out, a journey which I am 
confident will continue to deliver sustained success. The way the 
business has developed has been astonishing and a tribute to a great 
team that has created a culture that breeds innovation, the drive and 
ability to succeed, openness and transparency. I shall miss it, and them, 
greatly." 
 
   David Stevens, Admiral's Chief Executive commented: "There are very few 
people who deserve as much credit for Admiral's success over the last 
sixteen years as Alastair. A skilled and incredibly diligent chair, an 
articulate advocate and, above all, a clever ego-free deeply 
knowledgeable source of advice for myself and my predecessor, he's been 
everything our shareholders, and indeed our staff and customers, could 
have wanted from a Chairman". 
 
   An announcement as to the Board's choice of Alastair's successor as 
Chairman of Admiral will be made once regulatory approvals have been 
obtained. 
 
   For further information, please contact: 
 
   Admiral 
 
   Karen Maguire              Investors & Analysts    [phone] 
 
   James Carnduff            Media                           +44 (0) 29 
2043 4232 
 
   FTI Consulting 
 
   Ed Berry                     [phone] 
 
   Tom Blackwell            [phone] 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Admiral Group PLC via Globenewswire 
 
 
  http://www.admiralgroup.co.uk 
 

(END) Dow Jones Newswires

January 25, 2017 08:49 ET (13:49 GMT)

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