FBD Holdings PLC Resignation of Director (7610U)

TIDMFBH

RNS Number : 7610U

FBD Holdings PLC

31 July 2015

FBD Holdings plc

Management Change / Resignation of CEO

31 July 2015

FBD Holdings plc ("FBD" or the "Group") announces that Mr. Andrew Langford, Group Chief Executive has informed the Board that he is stepping down with immediate effect.

Mr. Langford said:

"after 19 years with FBD, including 7 as CEO, I believe the time is right for somebody new to lead the Company through its next phase. I have really enjoyed the challenges and have been fortunate to be part of a great Irish company working with the best people who always go the extra mile for our customers."

FBD continues to be ambitious in serving the Irish market. Ms. Fiona Muldoon, Group Finance Director and Board member, has been appointed Interim Chief Executive. Reporting to the Chairman and Board, Ms. Muldoon will assume overall executive responsibility for the company pending completion of a selection process expected to conclude without any delay.

Commenting, FBD Chairman, Mr. Michael Berkery said:

"The Board would like to thank Andrew Langford for his contribution to the Company over the last 19 years. I am delighted that Andrew has agreed to make his experience and services available to the Company for the next financial year in a consultancy capacity. During his stewardship, as CEO for 7 years and previously as Finance Director, FBD has grown significantly in the Irish insurance market. We wish him well for the future."

FBD publishes its half yearly results on 25 August 2015.

Ends

 
 For Reference         Telephone 
 
 Murray Consultants 
 Joe Heron             +353 1 4980 300 
                       +353 87 6909 735 
 
 
     FBD Holdings plc FBD House, Bluebell, Dublin 12 
  Registered in Dublin, Ireland Registered Number 135882

Notes to Editors

Ms. Fiona Muldoon joined FBD in January 2015. She was Director of Credit Institutions and Insurance Supervision at the Central Bank from August 2011 to May 2014.

She joined the Central Bank from Canada Life where she held the position of Chief Financial Officer.

A Chartered Accountant, Ms Muldoon spent 17 years of her career with XL Group in Dublin, London and Bermuda, where she worked in senior financial and general management positions. She is a non-executive Director of Bank of Ireland.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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