FBD Holdings PLC Directorate Change (2480I)
March 31 2020 - 9:30AM
UK Regulatory
TIDMFBH
RNS Number : 2480I
FBD Holdings PLC
31 March 2020
FBD Holdings plc
FBD Insurance plc
Appointment of Interim Chief Executive Officer
31(st) March 2020
FBD Holdings plc ("FBD" or the "Group") announces the
appointment of Paul D'Alton as interim Chief Executive Officer and
as an executive Director of both the Group and of FBD Insurance
plc, with effect from 3 April, 2020. Mr. D'Alton is succeeding Ms.
Fiona Muldoon who informed the Board on 24 October, 2019 of her
intention to step down as Group CEO and director in 2020.
Mr. D'Alton is a Chartered Accountant, with extensive experience
in senior leadership roles in the general insurance and banking
sectors having previously served as interim Chief Financial Officer
of FBD and Chief Financial Officer of Bank of Ireland.
Commenting on the changes announced, the Chairman, Liam Herlihy,
said:
"I would like to extend the warmest gratitude to Fiona for her
hard work and effective contribution to FBD over the last five
years. She has been instrumental in the transformation and
development that has taken place in FBD. Her relentless focus on
the business and its customers has been remarkable. Shareholders
and the community alike have benefitted from her tireless efforts.
We wish her the very best for the future.
"I am also pleased to announce Paul's appointment to the Board
and as interim Chief Executive Officer. He is highly regarded in
the investment community and as a former FBD colleague, he knows
our business well. I look forward to his contribution to FBD and am
confident in his ability to deliver for all stakeholders, given his
substantial experience in financial services in Ireland. The Board
continues to make progress towards its appointment of a permanent
CEO."
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
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 this announcement contains inside information as
defined in Article 7 of the Market Abuse Regulation and is
disclosed in accordance with the Group's obligations under Article
17 of the Market Abuse Regulations.
Enquiries Telephone
Goodbody
Joe Gill +353 1 641 9449
Powerscourt
Jack Hickey +353 83 4488 339
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 rns@lseg.com or visit www.rns.com.
END
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