2
August 2024
Hansard Global
plc
(the
"Company")
Chief Executive Officer
Succession
The Company announces that Graham
Sheward, Chief Executive Officer, has decided to retire from the
Company, having served in the role of Chief Executive Officer for
over three years. Graham will step down as CEO and executive
director with effect from 2nd August 2024 and will
continue to work with the Company as required until the end of
December 2024.
Following Graham's decision to retire
from the Company, the Board is pleased to announce the appointment
of Thomas Morfett as the Company's Chief Executive Officer (CEO),
subject to any relevant regulatory protocols.
Thomas joined the Company in April
2023, serving as a Board member and Chief Financial Officer (CFO)
since then. Thomas is a Chartered Accountant and Actuary and has
close to 20 years' experience in the life assurance industry, most
recently at Utmost and previously Canada Life and Zurich. He has
extensive financial, commercial, M&A and business
transformation experience.
Thomas will also continue in the role
of CFO for an interim period pending appointment of a successor as
CFO. A search for his successor as CFO will commence
shortly.
Full details of the impact of the
departure on remuneration will be disclosed in the Directors'
Remuneration Report within the Annual Report and Accounts for the
year ended 30 June 2024, and subsequent years, if
appropriate.
Philip Kay, Chairman, said:
"I would like to thank Graham for his
efforts over the last three years, during which significant
progress has been made with the achievement of long-standing
strategic objectives."
"We are also delighted to be able to
announce Thomas as our next CEO allowing a seamless transition.
Thomas has had a very positive impact since joining the Company
last April and we see him as the ideal person to lead our executive
team in capitalising on the framework Graham has put in place over
the last few years."
Graham Sheward said:
"I have thoroughly enjoyed my time as
CEO over the past three years and I am proud of our achievements
during this time, delivering on two key strategic objectives that
the Company has been focussed on since 2018. I have every
confidence that my successor will lead the Company to further
success in the future."
Thomas Morfett said:
"I am delighted to be transitioning to
this role at such an exciting time in our corporate history. I
would like to add my thanks to Graham for his support since I
joined the Company in April 2023, and look forward to building on
his legacy."
This announcement contains inside
information which is disclosed in accordance with the Market Abuse
Regime.
For
further information:
Hansard Global
plc
+44 (0) 1624 688 000
Hazel Stewart, Company
Secretary
Email: investor-relations@hansard.com
Camarco
Ben
Woodford
+44 (0) 7990 653 341
Geoffrey Pelham-Lane
+44 (0) 7733 124 226
Hugo
Liddy
+44 (0) 7532 107 817
LEI number:
213800ZJ9F2EA3Q24K05
Notes to editors:
Hansard Global plc is the holding
company of the Hansard Group of companies and was listed on the
London Stock Exchange in December 2006. The Group is a specialist
long-term savings provider, based in the Isle of Man.
The Group offers a range of flexible
and tax-efficient investment products, designed to appeal to
affluent, international investors.
Hansard does not provide advice on the
suitability of any products. Products are available through
independent financial advisers only, on the basis that the
independent financial adviser is acting on behalf of the
applicant.
The Group utilises a controlled cost
distribution model via a network of independent financial advisors
and the retail operations of certain financial institutions who
provide access to their clients in more than 170
countries.
The principal geographic markets in
which the Group currently services contract holders and financial
advisors are the Middle East & Africa, the Far East, and Latin
America. These markets are served by Hansard International Limited
and Hansard Worldwide Limited.
The Group's objective is to grow by
attracting new business and positioning itself to adapt rapidly to
market trends and conditions. The scalability and flexibility of
the Group's operations allow it to enter or develop new geographic
markets and exploit growth opportunities within existing markets
without the need for significant further investment.