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Director Appointments

Admiral chairman to step down

25 January 2017 14:21

Admiral Group non-executive chairman Alastair Lyons will not be seeking re-election at the annual general meeting on 26 April having held the position since June 2000.

Lyons said: "With the change of CEO last year from Henry to David successfully completed, it is the right time for me also to handover.

"It has been fantastic to have been on the journey with Admiral since the management buy-out, a journey which I am confident will continue to deliver sustained success.

"The way the business has developed has been astonishing and a tribute to a great team that has created a culture that breeds innovation, the drive and ability to succeed, openness and transparency. I shall miss it, and them, greatly."

Admiral's chief executive David Stevens said: "There are very few people who deserve as much credit for Admiral's success over the last 16 years as Alastair.

"A skilled and incredibly diligent chair, an articulate advocate and, above all, a clever ego-free deeply knowledgeable source of advice for myself and my predecessor, he's been everything our shareholders, and indeed our staff and customers, could have wanted from a chairman."

At 2:21pm: (LON:ADM) Admiral Group PLC share price was +30.5p at 1776.5p

Story provided by StockMarketWire.com

Related Company: ADM

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