Directorate Change

RNS Number : 5151K
SAGA PLC
05 January 2021
 

5 January 2021

Saga plc

Directorate Change

Pursuant to Listing Rule LR.9.6.11, Saga plc today announces that Cheryl Agius has informed the Board of her intention to step down from her role as Chief Executive Officer of Saga Insurance and as an Executive Director of Saga plc with immediate effect for personal reasons.

Euan Sutherland, Group CEO of Saga plc, assumes the responsibilities of Interim CEO of Saga Insurance until a suitable replacement is appointed, supported by the Executive Leadership Team and the senior management of the Insurance business. The search for a successor has commenced and this process is expected to take several months to complete.

Euan Sutherland, Group Chief Executive Officer of Saga plc, said:

"Our Insurance business has performed resiliently under Cheryl's leadership despite challenging market conditions and she departs with the business well placed to deliver on the opportunities we have identified as part of our new strategy. I'd like to thank Cheryl for her contribution to Saga and wish her well for the future.

Sir Roger De Haan, Chairman of Saga plc, said:

''I would like to thank Cheryl for her work and commitment and wish her well for the future. We are focused on finding the right individual to replace Cheryl and to continue to drive our Insurance business forward for our customers. Until this appointment is made, Euan and the management team continue to implement our transformation strategy."

For further information please contact

Saga plc

Investor Relations

Emily Roalfe, Head of Investor Relations

 

Tel: 07732 093007

Email: emily.roalfe@saga.co.uk

Vicki Haynes, Company Secretary

Tel:07803 602139

Email:  vicki.haynes@saga.co.uk

Media Enquiries

Headland Consultancy


Susanna Voyle

Tel: 07980 894557

Henry Wallers

Tel: 07876 562436


Email: saga@headlandconsultancy.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOABIGDBXGGDGBS

Companies

Saga (SAGA)
UK 100

Latest directors dealings