17 August 2015 Insurance

Quindell appoints CEO

Insurance technology provider Quindell has appointed Indro Mukerjee as group chief executive.

Mukerjee currently serves as non-executive chairman of electronics technology company FlexEnable.

Richard Rose, non-executive chairman at Quindell, said: “We are delighted to have recruited Indro, who was the outstanding candidate for the role in terms of his experience, his personality and his leadership skills.

“He has a proven track record of creating value through developing and implementing strategies based on matching compelling value propositions to growing markets. His experience includes roles in complex environments, often involving fast moving technologies.”

Mukerjee said: “I’m of course aware of the challenges the company has been facing and respect the chairman, Board and rest of the team for the way that they have been identifying the issues of the past, and dealing with them resolutely and rapidly.

“At the heart of the company are some excellent people and great technologies. My immediate priority will be to identify how to drive the development of both to serve our customers and create value for our shareholders.”

Earlier this month, the Serious Fraud Office began an investigation into Quindell following the announcement of its 2014 results and revisions to its past results.

The Financial Conduct Authority (FCA) is also investigating Quindell in relation to public statements made regarding Quindell's financial accounts during 2013 and 2014 and the Financial Reporting Council (FRC) has launched an investigation into Quindell’s auditors.

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