Hiscox board members step down
A number of Hiscox’s original board members are set to step down this year, following nine years of service.
According to UK corporate governance, directors potentially cease to be independent after nine years of service.
Dr James King, Andrea Rosen and Dan Healy will step down from the board. In addition, Richard Gillingwater, a senior independent director who joined the board in 2010, will step down after the annual general meeting due to his new commitments at Scottish and Southern Energy as well as Henderson Global Investors.
Hiscox has recommended to shareholders the appointment of Lynn Carter and Anne MacDonald to the board.
Carter will bring 38 years' experience in the banking industry, most recently as president of Capital One Bank, while MacDonald held the position of chief marketing officer at four different Fortune 100 companies including Travelers and PepsiCo.
Robert Childs, chairman of Hiscox, said: “I am particularly pleased our businesses in Bermuda and the US will continue to benefit from James and Dan's sage counsel as they continue to serve the Group on our subsidiary Boards. I would also like to express my deep gratitude to Andrea for the many valuable contributions she has made to the Company over the last nine years.”
