Phoenix Group Holdings - Directorate Change

RNS Number : 3687U

Phoenix Group Holdings

21 December 2011

 



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21 December 2011

Phoenix Group Holdings announces departure of Group FD

Phoenix Group announces that Group Finance Director, Jonathan Yates, will be leaving the Group on 29 February 2012 to take up the position of Chief Executive at Guardian Financial Services.

Paul Miles, currently Deputy Group Finance Director, will become Acting Group Finance Director with immediate effect, whilst the Board and the Nomination Committee commence a formal process to identify a permanent replacement.

Clive Bannister, Group Chief Executive, said:

"We thank Jonathan for all his efforts on our behalf over the last 18 months. I would like to congratulate him on his new role and wish him every success in the future.

"I have great confidence that Paul and the rest of our finance team will continue to drive Phoenix towards success in meeting its objectives, whilst the Board considers a permanent appointment."

Jonathan Yates said:

"I have thoroughly enjoyed my time at Phoenix and I wish it every success as I take on this new challenge."

Enquiries

Media                                                                                                   Investors

Daniel Godfrey                                                                                 Lorraine Rees

Director of Corporate Communications                                 Head of Investor Relations

+ 44 (0) 20 7489 4517                                                                       + 44 (0) 20 7489 4456

+ 44 (0) 7894 937 890                                                                       + 44 (0) 7872 413 277

PR Advisers - Maitland

Neil Bennett                      [phone]

Tom Buchanan                  [phone]

Tom Eckersley                   [phone]

Notes

1.    The Phoenix Group is the UK's largest specialist consolidator of closed life funds with over six million customers and over £68 billion of assets under management in its wholly owned asset management business, Ignis Asset Management.

 

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