– UK, Preston – Chesnara PLC (LON: CSN), today announced the upcoming appointment of Steve Murray as Chief Executive to succeed John Deane who intends to step down as Group CEO at the end of the year.
Steve has over twenty years experience within the life assurance industry and a well-established track record in M&A, wider commercial leadership roles, and experience of growing a business in “1825”, Standard Life’s financial advisory business. He will be appointed as an Executive Director and take up the role of Group Chief Executive Officer of Chesnara. Steve leaves his role as Chief Commercial Officer at Royal London to join Chesnara.
Luke Savage, Chairman, said: “John has made a significant contribution to Chesnara during his tenure, not least to the group’s excellent financial track record. He will continue at the helm for the intervening period and ensure that there is a seamless handover to his successor. Both John and I will carry on delivering and progressing the group’s strategic objectives and initiatives. So, for our customers, shareholders, staff, and other stakeholders, it will feel like ‘business as usual’ given Chesnara’s continued commitment to its existing strategy.”
John Deane, Chief Executive said: “After six years at Chesnara and supporting the chairmanship change from Peter Mason to Luke, the timing is right for me to retire. I am not winding down just yet and will enjoy continuing to work with the team to achieve a smooth transition while making sure the group keeps on delivering value to all of our stakeholders.”
Steve Murray, Chief Executive Designate said: “I am delighted to be joining Chesnara later this year. I look forward to working closely with John and the wider team in my step into the Group Chief Executive role as we look to build on the company’s successful and well-established strategy. I am excited by the opportunities we have ahead of us.”
About Chesnara
Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.
Following a three-pillar strategy, Chesnara’s primary responsibility is 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. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 16 years in succession.
For more information: https://www.chesnara.co.uk/
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