CHESNARA PLC, a European life and pensions consolidator listed on the London Stock Exchange, has announced a change in its directorship. Mark Hesketh, Independent Non-Executive Director, will be stepping down from the Board with immediate effect. However, he will be appointed as the Chair of the Board of the Company's UK business, Countrywide Assured plc, a wholly owned subsidiary of Chesnara plc. The company has stated that there is no further information requiring disclosure under the Listing Rules.
Chesnara administers approximately one million policies and operates under different names in the UK, the Netherlands, and Sweden. The company follows a three-pillar strategy, focusing on the efficient administration of its customers' life and savings policies, ensuring good customer outcomes, and providing a secure and compliant environment to protect policyholder interests. Additionally, it adds value by writing profitable new business in Sweden, the Netherlands, and the UK, as well as by undertaking value-adding acquisitions of companies or portfolios. The company has a track record of consistent delivery of its strategy, having increased its dividend for 19 years in succession.
For further information, the company has provided contact details for investor and media inquiries.