Board/Management Information • Nov 19, 2024
Board/Management Information
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FBD Holdings plc ("FBD") is pleased to announce the appointment of Mr Jim Bergin as an independent non-executive director with immediate effect. Mr Bergin has also been appointed to the board of directors of FBD Insurance plc, as an independent non-executive director.
As disclosed in the 2023 Annual Report, Mr Liam Herlihy, having completed nine years on the board of directors of FBD (the "Board"), will retire as director and chair of FBD at the conclusion of the 2025 Annual General Meeting (AGM) on Thursday, 8 May 2025.
Following an extensive succession process undertaken by the Board's Nomination and Governance Committee, led by the Senior Independent Director, Mr Bergin was identified as the successful candidate for the position of Chair of the Board. He will commence his role as Chair of the Board immediately following the conclusion of the AGM. The appointment of Mr Bergin to the Board as an independent non-executive director with immediate effect will ensure that there is an effective and orderly transition process to May 2025.
As the former Chief Executive Officer and Director of Tirlán Co-Operative Society Limited (until July 2024), Mr Bergin spent a considerable part of his career in Glanbia plc in a number of senior management positions. He was former chair of the Irish Dairy Industry Association and is currently chair of the Teagasc 'Better Farming for Water' stakeholder steering committee. He is also an independent non-executive director of Enable Ireland and vice chair of the governing body of Southeast Technological University.
Commenting on the appointment, FBD Chair, Mr Liam Herlihy, said:
"On behalf of the Board, I would like to congratulate Jim Bergin on his appointment. Jim has a breadth of experience demonstrated through his highly successful career in the agri sector over the past 40 years. He is well placed to lead the board of FBD into the future and I look forward to working with him through the coming months as he transitions into his new role."
This announcement is made in accordance with Rule 6.1.64 of the Euronext Dublin Listing Rules. FBD confirms that there are no other matters requiring disclosure under Rule 6.1.66 of the Euronext Dublin Listing Rules.
Enquiries
FBD Holdings plc Telephone
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 €0.60 each which are publicly traded:
| Listing | Euronext Dublin |
|---|---|
| Listing Category | Premium |
| Trading Venue | Euronext Dublin |
| Market | Main Securities Market |
| ISIN | IE0003290289 |
| Ticker | FBD.I or EG7.IR |
FBD Holdings plc, FBD House, Bluebell, Dublin 12 Registered in Dublin, Ireland Registered Number 135882
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