Former Aon chairman appointed non-exec director at JLT
Re/insurance firm Jardine Lloyd Thompson Group (JLT) has announced Richard Harvey will be retiring as a non-executive director of the company at the end of December 2016, in order to return to New Zealand.
Harvey has been a non-executive director since December 2009 and has been chairman of the Remuneration Committee since April 2012.
Bruce Carnegie-Brown, former Aon chairman, will join the board as a non-executive director on 1 May 2016 and will take over as chairman of the Remuneration Committee in the coming months, following a period of handover from Harvey.
The announcements came in JLT’s interim management statement Q1 2016.
After six years as group commercial director, James Twining will also leave JLT to move on to the next phase of his career. Twining joined JLT in January 2011 and has been a member of the Board since August 2012. He will retire as a director with effect from 26 April 2016. The Board has decided that the role of group commercial director will not be replaced.
Michael Rice, chief executive officer (CEO) of JLT’s US specialty business, will join the group executive committee on 1 May 2016. Rice’s appointment reflects the strategic importance of the business that he and his team are building in the US.
William Nabarro will also join the group executive committee on the same date. Nabarro has recently rejoined the Group as special adviser to the Group CEO. He previously worked for JLT between 2003 and 2010 in a range of senior roles, including as a main board director and executive chairman of employee benefits.
Geoffrey Howe, chairman, JLT, said: “I am delighted to welcome Bruce to the Board and know that his broad skills and extensive experience, gained over many years in insurance, banking and private equity, will be a real asset to JLT in the coming years.
“I would like to thank Richard, on behalf of the Board, for his great commitment and service to the company, both as a non-executive director for the past six years and as chairman of the Remuneration Committee for the past four years.”
He added: “I would also like to thank James for his major contribution to the Group, particularly in how we formulate and communicate strategy, and approach business planning, acquisitions and investments. We wish both Richard and James well for the future. I would also like to welcome Mike and William to the Group Executive Committee.”
