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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Admiral Group Plc | LSE:ADM | London | Ordinary Share | GB00B02J6398 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25.00 | 0.92% | 2,735.00 | 2,732.00 | 2,734.00 | 2,737.00 | 2,688.00 | 2,706.00 | 405,422 | 16:35:27 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 742.2M | 338M | 1.1146 | 24.50 | 8.28B |
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Admiral Group plc
11 December 2020
Chief Executive Officer Succession
Following the March 2020 announcement of the pending retirement of
current Admiral Group CEO, David Stevens, Admiral Group plc ("Admiral"
or "the Group") announces the completion of a successful handover of
duties to the Group CEO Designate, Milena Mondini de Focatiis, and that
David Stevens will retire from his position and as a director of Admiral
Group plc on 31 December 2020.
David will continue to work for Admiral in a part-time capacity,
providing consultancy support on risk selection and as a board member of
Admiral Financial Services Limited.
Annette Court, Admiral Group Chair, commented:
'David co-founded Admiral in 1991 and has had an immeasurable impact on
the Group. He has contributed enormously to all the elements that make
Admiral so special and successful, including underwriting, product
innovation, the unique Admiral culture and much more. We are delighted
that David has agreed to continue to work for the Group in a part-time
advisory capacity focusing on risk selection, financial services and
diversification.
The CEO transition has gone very smoothly. Milena is deeply embedded in
the Admiral culture with an entrepreneurial spirit, excellent people
development skills, and a strong commercial track record having founded
the Group's Italian insurer, ConTe, and further strengthened the Group's
other European businesses. She will lead a very strong and experienced
management team that is ideally positioned to take forward David's work
and to build an even stronger Admiral for the future.'
For more information, please contact:
Admiral Group plc
Marisja Kocznur +44 (0) 29 2060 2034
Investors & Analysts
FTI Consulting
Edward Berry +44 (0) 20 3727 1046
Tom Blackwell +44 (0) 20 3727 1051
(END) Dow Jones Newswires
December 11, 2020 02:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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