FBD Holdings PLC Directorate Change (6838U)

TIDMFBH

RNS Number : 6838U

FBD Holdings PLC

31 July 2020

FBD Holdings plc

FBD Insurance plc

Appointment of Chief Executive Officer

31st July 2020

FBD Holdings plc ("FBD" or the "Group") is pleased to announce Tomás O'Midheach will join the Group on 1(st) February 2021 as Chief Executive Officer and Executive Director of both the Group and of FBD Insurance plc. Paul D'Alton, current interim Chief Executive Officer will remain in situ until that time to ensure an orderly handover.

Tomás has 25 years' experience in the financial services industry spanning many diverse areas including finance, data, customer analytics, direct channels and digital. He spent 11 years with Citibank in the UK, Spain & Dublin where he held several senior positions in Finance. He joined AIB in June 2006 to lead a finance operating model transformation and has since held a number of senior executive positions including Head of Direct Channels & Analytics and Chief Digital Officer. Tomás is currently Deputy CEO and an Executive Board member of AIB.

Commenting on the changes announced, the Chairman, Liam Herlihy, said:

"I am very pleased to announce Tomás will join the Board and as Chief Executive Officer in February 2021 on the back of an extensive search process and with the approval of the Central Bank of Ireland. He is highly regarded in the financial community and has considerable knowledge of the Irish financial services landscape. We look forward to his arrival".

   Commenting on his appointment,   Tomás O'Midheach said: 

"I am delighted to be joining FBD Group and look forward to working with the team to help drive the next stage in the Group's development".

This announcement is made in accordance with Listing Rule 6.1.64 of Euronext Dublin's Listing Rules and Rule 9.6.11 of the London Stock Exchange Listing Rues. The Group confirms that there are no further matters requiring disclosure under Rule 6.1.66(1)-(6) of Euronext Dublin Listing Rules/Rule 9.6.13 of the London Stock Exchange Listing Rules.

Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the "Market Abuse Regulation") requires disclosure of inside information relating to the Group and FBD Insurance Plc. This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation and is disclosed in accordance with Article 17 of the Market Abuse Regulation.

Enquiries

 
 
 Powerscourt 
  Eavan Gannon      [phone] 
 

About FBD Holdings plc

FBD is one of Ireland's largest property and casualty insurers, looking after the insurance needs of farmers, consumers and business owners. Established in the 1960s by farmers for farmers, FBD has built on those roots in agriculture to become a leading general insurer serving the needs of its direct agricultural, small business and consumer customers throughout Ireland. It has a network of 34 branches nationwide.

The following details relate to FBD's ordinary shares of EUR0.60 each which are publicly traded:

 
  Listing              Euronext Dublin           UK Listing Authority 
  Listing Category     Premium                   Premium (Equity) 
  Trading Venue        Euronext Dublin           London Stock Exchange 
  Market               Main Securities Market    Main Market 
  ISIN                 IE0003290289              IE0003290289 
  Ticker               FBD.I or EG7.IR           FBH.L 
 
 
 

FBD Holdings plc, FBD House, Bluebell, Dublin 12

Registered in Dublin, Ireland Registered Number 135882

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOAFLFFTDDIIVII

(END) Dow Jones Newswires

July 31, 2020 02:00 ET (06:00 GMT)