Quindell splits founder’s role

UK-based insurance and telecoms services company Quindell Technologies said it will split founder Robert Terry’s executive chairman role as part of the board’s succession planning.

Terry will remain as chairman of the board, while Robert Fielding, currently chief executive officer (CEO) of the services division, will become CEO.

Quindell said the proposed change marked “a continuation in the development of the group's governance and succession planning.”

Quindell also said it had appointed Stephen Joseph, formerly with BoA Merrill Lynch, as head of investor relations and Michael Bancroft, formerly with BTG Pactual, JP Morgan and UBS, as head of corporate development.