Directorate Change

Directorate Change

Released : 28 April 2023 14:00

FBD Holdings plc and FBD Insurance plc ("FBD" or the "Group")

Directorate Change

Appointment of Chief Financial Officer and Executive Director

28 April 2023

Further to the announcement on 9 December 2022, FBD announces that John O'Grady will retire from the role of Chief Financial Officer and Executive Director on 31 December 2023.

The selection process to identify a permanent successor to John O'Grady has concluded. The Group is pleased to announce, Kate Tobin will take up the role as Chief Financial Officer and Executive Director, of FBD Holdings plc and FBD Insurance plc, with effect from 1 January 2024.

Kate is currently Chief Underwriting Officer and a member of the FBD Executive Management Team. Kate has an impressive track record in the insurance sector, prior to joining FBD, in 2017, Kate held a number of senior management roles with Zurich Insurance Group, both locally and at Group level, including Chief Underwriting Officer for Zurich's general insurance business.  Kate is a Fellow of the Society of Actuaries in Ireland. 

Commenting on today's announcement, Tomás Ó Midheach, CEO of FBD said:

"I would like to sincerely thank John for his significant and distinguished career at FBD. He has played a fundamental part in our journey and I wish him and his family the very best on his retirement"

"in addition, I am delighted to announce the appointment of Kate Tobin to the Board and as Chief Financial Officer and Executive Director.  She brings with her a level of experience and perspective that will be of significant benefit to FBD in the years ahead.  I look forward to her contribution over the coming period and I wish her every success in the role."

The Chairman of FBD, Liam Herlihy, said:

"I have worked closely with John over the past seven years in his role as Chief Financial Officer and Executive Director.  During that time, John has been a key member of the Board and Executive Management Team that saw FBD navigate through the challenges of Covid-19 and the return of the Group to sustainable profitability and resumption of dividend payments to our shareholders. I wish him the very best for his retirement".

"Kate Tobin is a high calibre new appointment to the Board.  She has played a valuable role as Chief Underwriting Officer of FBD and I very much look forward to what she will undoubtedly bring in this new and challenging role."  

The announcement is made in accordance with Rule 6.1.64 of Euronext Dublin's Listing Rules and Rule 9.6.11 of the London Stock Exchange's Listing Rules

Ends

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About FBD Holdings plc

FBD is one of Ireland's largest property and casualty insurers, looking after the insurance needs of farmers, consumers and business owners. Established in the 1960s by farmers for farmers, FBD has built on those roots in agriculture to become a leading general insurer serving the needs of its direct agricultural, small business and consumer customers throughout Ireland. It has a network of 34 branches nationwide.

The following details relate to FBD's ordinary shares of €0.60 each which are publicly traded:

FBD Holdings plc, FBD House, Bluebell, Dublin 12
Registered in Dublin, Ireland Registered Number 135882