Lycetts names new CEO as predecessor becomes deputy chair
Lycetts, a UK-based insurance broker and financial services provider, has appointed Charles Foster as its new chief executive officer.
He succeeds Angus Keate who has been appointed deputy chairman of Lycetts. The changes will take effect from Dec. 12.
Foster has headed up Lycetts’ rural division for the past three years, having joined the company in 1991. He was involved with Lycetts’ first acquisition, of Cliverton in 2003, and its subsequent integration as a trading division of Lycetts. He joined the Lycetts board in 2013.
Mark Hews, Lycetts’ chairman, said: "Charles has a proven track record, an exceptional industry reputation and a great appreciation and regard for Lycetts’ heritage. His leadership abilities will help maximise the potential of our people and business as we look to the future and build on our success in delivering specialist, trusted advice to clients. I am delighted to welcome him as our new chief executive.
"Angus deserves great credit for driving Lycetts forward and I’d like to thank him for his time leading the business. As deputy chairman, we are very pleased that the board will continue to benefit from his considerable support and expertise as we look to accelerate the strategic ambitions of the company," he added.
Foster commented: "I am honoured to be afforded this great opportunity to take Lycetts forward from a position of strength and an unrivalled reputation for customer service and care. I look forward to working together with Lycetts’ dynamic team of highly skilled professionals to cement this reputation as we set our sights on further growth."
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