FBD Holdings PLC Appointment of Director and other Board Changes (8307F)
April 29 2014 - 12:26PM
UK Regulatory
TIDMFBH
RNS Number : 8307F
FBD Holdings PLC
29 April 2014
FBD Holdings plc
Board Changes
29 April 2014
FBD Holdings plc ("FBD" or the "Group") announces the following
changes to the Board of Directors following a Board meeting and the
Annual General Meeting held earlier today.
Retirement of Mr. Vincent Sheridan
As announced on 28 March 2014 at the time of the publication of
the 2013 Annual Report and Notice of Annual General Meeting, Mr.
Vincent Sheridan retired as a non-executive Director at the
conclusion of the Annual General Meeting ("AGM") today. At the AGM,
the Chairman, Mr. Michael Berkery, paid tribute to Mr. Sheridan's
contribution to the Board and to the development of the Group in
his nine years as a non-executive Director:
"His experience of the general insurance industry in Ireland and
of corporate governance, risk management, accounting and auditing
were of immense value to the Board and to the Group. In addition to
his responsibilities as Senior Independent Director and as Chairman
of the Audit Committee, in the past four years, Mr. Sheridan served
as a non-executive Director of the Group's principal subsidiary,
FBD Insurance plc and we are fortunate that he has agreed to remain
on that company's board in the future."
Appointment of Senior Independent Director and Chairman of Audit
Committee
At the Board meeting today, Mr. Sean Dorgan was appointed as
Senior Independent Director and as chairman of the Audit Committee.
Mr. Dorgan joined the Board, and the Audit Committee, in 2008. He
was appointed as chairman of the Remuneration Committee in December
2011 and will continue to hold this role.
Appointment of additional independent non-executive Director
At its meeting today, the Board approved the appointment of Mr.
Eddie Downey as an independent non-executive Director and as a
member of the Audit Committee. Mr. Downey is the 14th President of
the Irish Farmers' Association having taken up office in January of
this year. Mr. Downey is also a director of Bord Bia,, the Irish
Food board, which has responsibility for developing overseas
markets for Irish food, and of The Agricultural Trust, which
publishes the Irish Farmers Journal.
In addition to his general commercial experience and acumen, Mr.
Downey brings to the Board his considerable insights into the
dynamics of Ireland's agricultural community and industry -
considered key attributes by the Board given the importance of the
Group's farming customers to it.
There are no details requiring disclosure for Mr. Downey under
paragraph 6.6.7 (1) to (6) of the Listing Rules of the Irish Stock
Exchange and Listing Rule 9.6.13 (1) to (6) of the Listing Rules of
the UK Listing Authority.
FBD Holdings plc Telephone
Conor Gouldson, Company Secretary +353 1 409 3208
About FBD Holdings plc
FBD is one of Ireland's largest property and casualty insurers
looking after the insurance needs of farmers, private individuals
and business owners.
The following details relate to FBD's ordinary shares of EUR0.60
each which are publicly traded:
Listing Irish Stock Exchange UK Listing Authority
Listing Category Premium Premium (Equity)
Trading Venue Irish Stock Exchange London Stock Exchange
Market Main Securities Main Market
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 company news service from the London Stock Exchange
END
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