The outgoing chair says she leaves with a ’mix of pride and fondness for this very special company’
Admiral Group’s chair Annette Court has announced she will step down in April 2023 after more than eleven years.
This is according to the insurer’s 2022 full year financial results, published today (08 March 2023).
Former LV= chief executive Mike Rogers will replace Court and take on the role of chair.
Court currently also holds a non-executive director position at Sage Group, which she has held since April 2019.
Alongside this, she is chair for high street retailer WH Smith.
Court said: “As previously announced, I will step down as chair at our annual general meeting (AGM) in April and I leave with a mix of pride and deep fondness for this very special company.
”Admiral is a company that has always been fast to adapt and has a proven track record of navigating the cycle – it remains focused on evolving its existing competencies whilst creating sustainable businesses for the future.”
Honoured to lead
Court began her position as chair for Admiral in March 2012.
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She added: “I am honoured to be leading the Admiral board as the group enters its 30th year and am proud of how it has led the market in taking strong action in response to external conditions, focusing on long-term value creation.”
In August 2012 she took a non-executive director role at Jardine Lloyd Thompson, which she performed for just over six years.
She has also been the chief executive of Europe general insurance for insurer Zurich and a member of its group executive committee from 2007 to 2010.
Additionally, Court was chief executive of Direct Line Group – formerly called RBS Insurance – and a member of its executive management committee between 1994 and 2006.
She was also previously a member of the board of the ABI.
Meanwhile, incoming chair Rogers is an independent non-executive director at NatWest Group, chair of its group sustainable banking committee and member of its group performance and remuneration committee.
He is currently chair of global information services firm Experian and pensions and investment insurance provider Aegon UK.
Rogers has 30 years of experience in international financial services, having begun his career with the Barclays Bank Graduate Training Scheme in 1986.
His new position will be confirmed at Admiral’s AGM on 27 April 2023.
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