Direct Line Insurance Group PLC

Board/Management Information • Mar 1, 2018

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RNS Number : 3123G

Direct Line Insurance Group PLC

01 March 2018

Direct Line Insurance Group plc

Board appointments

1 March 2018

The Board of Direct Line Insurance Group plc ("Direct Line Group") announces that Gregor Stewart and Mark Gregory have been appointed as Non-Executive Directors with immediate effect. Gregor will also be appointed as Chair of the Audit Committee and Mark will also be appointed as a Chair of the Investment Committee, both with effect from 10 May 2018, subject to their being elected as Directors at the Annual General Meeting on that date.  In addition, as announced on 8 September 2017, Penny James today assumes her full responsibilities as Chief Financial Officer of Direct Line Group.

Gregor is Deputy Chairman and a Non-Executive Director of Alliance Trust plc, Chairman of Intrinsic Financial Services Limited and a Non-Executive Director of FNZ Group. Previously, he was Finance Director, Insurance, Lloyds Banking Group plc until October 2012.He was also a Partner and Head of FS Advisory Services in Scotland for Ernst & Young LLP until 2008, having spent more than 20 years with the firm.

Mark was an Executive Director at Legal & General Group plc ("L&G") from January 2009 until March 2017, having spent almost 20 years with the Group. He was L&G's Group Chief Financial Officer from 2013. Previously, he held various roles at L&G, including UK Services Operations Director, Managing Director (With-Profits) and more recently Group Executive Director (Savings). Prior to joining L&G, Mark held senior roles at Asda Group and Kingfisher plc.

Mike Biggs, Chairman of Direct Line Group, commented: "I am very pleased to welcome Gregor and Mark to the Direct Line Group Board. The Board will benefit from their knowledge of financial services and their experience as Directors of other companies in the sector, including general insurance."

Gregor Stewart said, "I am delighted to be joining the Board of Direct Line Group, which has an innovative culture and strong future prospects, and look forward to contributing to the continuation of its excellent track record of delivering results."

Mark Gregory said, "It is a privilege to be joining the Direct Line Group Board, which has, together with a highly effective management team, achieved outstanding growth over the past five years. I look forward to helping the Board to continue nurturing its robust strategy and customer-focused culture."

No other information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to Gregor and Mark's appointments as Directors of the Company.

-ENDS-

For further information please contact:
Roger Clifton
Company Secretary
Tel: +44 (0)1651 832030
For investor and media enquiries please contact:
Andy Broadfield
Director of Investor Relations
Tel: +44 (0)1651 832 877
Lisa Tremble
Head of External Affairs
Tel: +44 (0)1651 834 211

LEI: 213800FF2R23ALJQOP04

This information is provided by RNS

The company news service from the London Stock Exchange

END

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