Kiln plc announced the retirement of chairman and chief executive David Gilchrist yesterday, after 35 years' service to the company.
He will be succeeded by Professor Ian Percy. Professor Percy is a member of the Co-ordinating Committee of the Treasury and DTI established to consider the repercussions of Enron on accounting and auditing. He is also a Non-Executive Director of The Weir Group plc and Ricardo plc.
He commented: "I would like to pay tribute to David's long association with the Lloyd's market and his significant role in a successful period at Kiln, steering the Company through its early stages as a public company since 1998 and the recent Rights Issue."
