Directorate Change
12 März 2003 - 5:15PM
UK Regulatory
RNS Number:6549I
Highway Insurance Holdings PLC
12 March 2003
Highway Insurance Holdings Plc
12 March 2003
FOR IMMEDIATE RELEASE
Highway Insurance Holdings Plc
Board Appointments
Highway Insurance Holdings Plc ("Highway") today announced that Richard Gamble
and David Barker are joining the Board as non-executive directors with immediate
effect. They will also join the Board of Highway Insurance Company Limited ("
HighCo"). The Highway Board is further strengthened by the appointment of
Stuart Davies as Claims Director, also with immediate effect.
Ross Dunlop, Executive Chairman, said:
"I am delighted that Richard Gamble and David Barker have agreed to join us as
directors on both Boards. Both were formerly with Royal & Sun Alliance (RSA),
Richard as CEO and David as Investment Director. It is an enormous compliment
to Highway that two such experienced insurance professionals have agreed to help
us in the development of the business. Richard, who has a finance background,
also held senior positions at British Airways and has considerable experience in
insurance broking from his days at Lowndes Lambert. David, an actuary by
profession, will be of great value advising and overseeing the management of our
insurance fund which today is worth some #290 million."
"We have also invited Stuart Davies, our Claims Director, to join the Highway
Board. Stuart, who has a finance background has been with Highway for ten years
and has operated in a variety of roles, including Finance Director of HighCo."
Further details:
1. There are no matters required to be disclosed in relation to David Barker
or Stuart Davies under paragraph 16.4 of the UK Listing Authority listing
rules.
2. Richard Gamble is a non-executive director of Excel Airways Group plc.
There are no other matters required to be disclosed in relation to Mr
Gamble under paragraph 16.4 of the UK Listing Authority listing rules.
3. The appointment of Richard Gamble and David Barker to the Board of Highway
Insurance Company Limited is subject to the approval of the Financial
Services Authority.
4. The Board of Highway Insurance Holdings Plc will now comprise:
Executives:
Ross Dunlop Executive Chairman
Andrew Gibson Chief Executive
Stuart Davies Claims Director
Chris Hill Underwriting Director
Ian Patrick Group Finance Director
Non-Executives:
David Barker Non-executive director
David Coleridge Non-executive director
Richard Gamble Non-executive director and Chairman of the Audit Committee
Judy Kellie Non-executive director
John Stoker Non-executive director
Allen Thomas Senior independent non-executive director
Enquiries:
Ross Dunlop Executive Chairman 01277 266573
Andrew Gibson CEO 01277 266576
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAQLLFFXXBFBBZ