SAGA PLC Directorate Change (7502N)
27 Septiembre 2023 - 1:01AM
UK Regulatory
TIDMSAGA
RNS Number : 7502N
SAGA PLC
27 September 2023
27 September 2023
Directorate Change
Saga plc, the UK's specialist in products and services for
people aged 50 and over, announces that after almost five years
with the business, James Quin will be standing down from his role
as Group Chief Financial Officer (CFO). James informed the Board of
Saga in April that he wished to leave to focus on a portfolio
career.
James joined Saga in January 2019 from Zurich Insurance with
more than 28 years of senior leadership experience in the insurance
sector. He has made a significant contribution in all areas of the
business, in particular, strengthening Saga's financial position
through restructuring, capital raising and asset disposals that
enabled the company to navigate the challenges of the pandemic and
reduce its Net Debt by more than GBP250m. His first portfolio
appointment is announced today, with his move to join the Board of
Thomas Miller Holdings, the international provider of
market-leading insurance services.
Following a thorough internal and external process, Saga is
pleased to announce the appointment of Mike Hazell as Group CFO.
Mike, who until recently was Interim CFO at The Co-op Group, has
more than 25 years of multi-sector experience in a variety of
senior finance roles. Before working at The Co-op he was CFO and
Joint Chief Executive Officer of Debenhams, the retail chain.
Previous experience has included time at BSkyB and Pfizer.
Mike will join Saga on 9 October 2023 and will have a detailed
hand over period with James.
Sir Roger De Haan, Non-Executive Chairman of Saga, said:
"This change is the result of carefully managed succession
planning. I would like to thank James for all his hard work over
the past five years. He has been a key member of a management team
that steered this business through the pandemic and its impacts,
and has worked tirelessly to deliver against our strategic
objectives, including ensuring Saga is on a much more robust
financial footing. On behalf of the Board, I would like to welcome
Mike, who has deep experience in senior finance roles. We look
forward to working with him and the wider executive team to
continue moving Saga forwards."
Euan Sutherland, Group Chief Executive Officer of Saga,
said:
"I would like to thank James for all of his considerable hard
work and commitment to Saga. He has been a brilliant CFO, a strong
leader and a fantastic colleague. I am delighted to welcome Mike to
the team; his experience and energy will be important in the years
ahead as we continue to grow the business."
END
Additional Information
The effective date of the Board change will be announced in due
course.
In accordance with the disclosure obligations pursuant to
paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct
Authority, Mike Hazell has been a director of the following
companies which in connection with the administration of the
Debenhams group have been, or are in the process, of being
liquidated, in administration or company voluntary
arrangements:
-- Debenhams Properties Limited
-- Debenhams Retail Limited
-- Debenhams Hong Kong Limited
-- Debenhams Retail (Ireland) Limited
-- Celine UK Newco 1 Limited
-- Celine Group Holdings Limited
No other information is required to be disclosed pursuant to
paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct
Authority.
For further information, please contact:
Saga plc Tel: 07732 093 007
Emily Roalfe, Head of Investor Relations Email: emily.roalfe@saga.co.uk
and Treasury
Headland Consultancy Tel: 020 3805 4822
Susanna Voyle Tel: 07980 894 557
Will Smith Tel: 07872 350 428
Email: saga@headlandconsultancy.com
Notes to Editors:
Saga is a specialist in the provision of products and services
for people over 50. The Saga brand is one of the most recognised
and trusted brands in the UK and is known for its high level of
customer service and its high-quality, award-winning products and
services including cruises and travel, insurance, personal finance
and media. www.saga.co.uk
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END
BOABCGDCIDDDGXL
(END) Dow Jones Newswires
September 27, 2023 02:01 ET (06:01 GMT)
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