Last checked at 3 Mar 2020 07:02
Direct Line Group Chairman Succession
Mike Biggs, Chairman of Direct Line Insurance Group plc since April 2012, has informed the Board of his intention to step down from the Board in 2020 following the appointment of a successor.
The Board's process for the appointment of a successor is being led by Senior Independent Director, Dr Richard Ward.
Mike Biggs will stand for re-election at the Company's AGM in May 2020 and will remain Chairman until his successor has been appointed in order to ensure a smooth handover.
Commenting on his decision, Mike Biggs said: 'It has been my immense privilege to serve as Chairman of Direct Line Group since before the Company's listing on the London Stock Exchange in 2012. As I am now approaching the ninth anniversary of my appointment, and as our new senior management team is now firmly established, I believe that the time is right for the Company to be searching for my successor.'
For further information please contact:
Roger Clifton
Company Secretary
Tel: +44 (0)1651 831956
For investor enquiries please contact:
Andy Broadfield Director of Investor Relations and Capital Tel: +44 (0)1651 831022
| Paul Smith Director of Investor Relations (designate) Tel: +44 (0)1651 831756 |
For media enquiries please contact:
Lisa Tremble
Group Corporate Affairs & Sustainability Director
Tel: +44 (0)1651 834211
LEI: 213800FF2R23ALJQOP04