Outgoing Lord Mayor to return as Phoenix chair after sabbatical

UK insurer Phoenix Group Holdings has revealed the return of its board chair, after he stepped down from the position last year to take up the role of Lord Mayor of the City of London for a one-year term.

Nicholas Lyons (pictured) will be appointed as chair of the board of directors and chair of the nomination committee with effect from 1 December 2023.

Following 10 years on the board, Alastair Barbour will step down from the position with effect from November 30, 2023, and remain on the board as a non-executive director until the end of December to allow for a handover.

Barbour said: “I am delighted that Nick is returning to the Board of Phoenix Group following his very successful tenure as Lord Mayor, where, alongside other worthy achievements, he was instrumental in the successful launch of the ‘Mansion House Compact’.

“It has been an honour and a privilege to have held the role of Chair over the past year and to have been a part of the Phoenix Group story over the last ten years. I wish Nick and Phoenix every success going forward.”

Lyons said: “I am very much looking forward to returning to Phoenix in December. I would like to thank Alastair for doing a tremendous job as Chair during my sabbatical as well as for his enormous contribution and support for Phoenix over the past 10 years.”

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