Admiral Non-Exec Director Holmes Departs, Former Aspen UK CEO Replaces

LONDON (Alliance News) - Admiral Group PLC on Friday said it appointed Karen Green as an ...

Alliance News 14 December, 2018 | 6:22PM
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LONDON (Alliance News) - Admiral Group PLC on Friday said it appointed Karen Green as an independent non-executive director with immediate effect.

The FTSE 100-listed insurance company said Green will also take over as Audit Committee chairman from Colin Holmes, who will step down from this role and as a non-executive director immediately.

Green has financial services experience, Admiral said, including investment banking, private equity and insurance most recently as the chief executive of Aspen UK. She is currently a non-executive director of Phoenix Holdings Group PLC and on the council of Lloyd's of London.

In addition, Admiral said it appointed Owen Clarke to take over from Colin Holmes as senior independent director with effect from the end of 2018, subject to regulatory approval.

"I am delighted to welcome Karen to the Admiral board. She brings valuable financial services experience and will complement the range of skills we currently have in the group," said Chairman Annette Court.

"I would also like to thank Colin for his loyal service to the Admiral Group over the last 8 years. We will miss his excellent contribution, wise counsel and his ability to always look at things from a fresh perspective," added Court.

Shares in Admiral closed up 0.6% on Friday at 1,980.50 pence each.

By Evelina Grecenko;

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Admiral Group PLC 2,183.00 GBX -2.50
Phoenix Group Holdings 716.10 GBX -4.03 -

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