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25 May 2011 07:00
25 May 2011
Board update
Commencement date for new CEO
Further to the announcement released on 30 March 2011, Charles Taylor Consulting plc (LON:CTR) ("CTC" or the "Company") today announces that David Marock's appointment as Chief Executive Officer of CTC has been approved by the Financial Services Authority and that he will be appointed to the Board and as Chief Executive Officer with effect from 1 July 2011.
The Company also announces that John Rowe will be stepping down from the Board and from his role as Chief Executive Officer on 30 June 2011.
Commenting, Rupert Robson, Chairman, said:
"The whole Board wishes to record its thanks to John Rowe for an exceptional period of service and leadership at CTC.
"The Board is delighted to welcome David Marock as the new CEO and is greatly looking forward to working with him."
Enquiries:
Rupert Robson, Chairman: 07715 422535
Background
NOTES TO EDITORS
1. David Marock joins CTC from specialist insurer Beazley plc where he acted as Group Chief Operating Officer and as a member of the Group Executive Committee. He has also chaired the Xchanging Review Board and sat on the Claims Service Review Board on behalf of the Lloyd's Market Association.
2. Charles Taylor Consulting is a leading provider of insurance services. We manage mutual insurance companies, advise insurers on complex insurance losses and provide administration and consultancy services to insurers and insureds worldwide. We also own life and non-life insurance companies which are closed to new business. Further information on the group can be found at www.charlestaylorconsulting.com.
3. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are forward-looking statements within the meaning of the United States federal securities laws. These forward-looking statements reflect the group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.
END
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