Sanne Group PLC Board Changes - Replacement (3523Z)

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RNS Number : 3523Z

Sanne Group PLC

14 December 2017

14 December 2017

The 'Board Changes' announcement released on 14/12/2017 at 09.30 under RNS No 3508Z was released in error and should be disregarded.

SANNE Group plc

("the Company") together with its subsidiaries ("the Group" or "SANNE")

NOTIFICATION OF BOARD CHANGES

SANNE announces that Mel Gerard Carvill will join the board of the Company as an independent Non-Executive Director and Chair of a new stand-alone Risk Committee. Mel will also join the Audit Committee, the Nomination & Governance and Remuneration Committees. These appointments will be effective from 1 January 2018.

Mel, a member of the Board of Directors of Home Credit B.V., where he is responsible for governance, investor and public relations brings significant financial services industry experience having served as a member of the top management team of Home Credit's parent company, PPF Group, from 2009. Before joining PPF Group, Mel worked across a range of sectors in the European financial services industry working at Generali from 1985 until 2009 where he held a number of senior positions including Head of Western Europe, Americas and Middle East, Head of M&A and Head of International Regulatory Affairs, Head of Risk Management and Head of Corporate Finance.

Rupert Robson, Chairman, said: "We are delighted that Mel will be joining the Sanne Group plc board. He brings considerable risk experience and will provide valuable insight as we strive to establish the Group as one of the world's leading providers of alternative asset and corporate administration services."

It has also been agreed that Phil Godley, Senior Managing Director and a Board member since March 2015, will step down from the Board on 1 January 2018. This will leave a majority of independent non-executive directors, excluding the chairman, on the Board. For the time being, the Board has decided that Phil's role on the Board will not be replaced.

Rupert Robson, Chairman said: "I would like to thank Phil for his significant contribution to the Board's discussions in the years since the IPO."

The new Board Committees structure demonstrates our focus on Corporate Governance and the membership of the committees from 1 January 2018 following this appointment will be as follows:

 
 
   Audit Committee Andy Pomfret (Chair) 
   Nicola Palios 
   Mel Carvill 
 
   Risk Committee Mel Carvill (Chair) 
   Rupert Robson 
   Nicola Palios 
   Andy Pomfret 
 
   Remuneration Committee Nicola Palios (Chair) 
   Andy Pomfret 
   Mel Carvill 
 
 
 
   Nomination & Governance 
   Committee Rupert Robson (Chair) 
   Nicola Palios 
   Andy Pomfret 
   Mel Carvill 
----------------------------------------------- 
 

There is nothing further to disclose in relation to the appointment under LR9.6.13 of the Listing Rules.

Enquiries:

 
 Sanne Group plc 
  LEI: 2138005UBLKEZRITH576 
  Dean Godwin, Chief Executive 
  Officer 
  Spencer Daley, Chief Financial 
  Officer                           [phone] 
 
   Tulchan Communications LLP 
 
   Tom Murray 
   Matt Low                           [phone] 
 

Notes:

SANNE provides administration, reporting and fiduciary services to leading alternative asset managers, financial institutions, family offices and corporates.

The Group employs more than 1,200 people worldwide and administers structures and funds that have in excess of GBP200 billion of assets.

The Group has a presence in 15 established strategic locations spread across the Americas, EMEA and Asia-Pacific.

SANNE is listed on the Main Market of the London Stock Exchange.

sannegroupplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 14, 2017 04:41 ET (09:41 GMT)