Hastings Group Holdings Plc (LON:HSTG) today announced that Richard Hoskins, who has been with the business since April 2015, has decided to retire from his position as Group Chief Financial Officer. John Worth, currently Group CFO of MS Amlin, will replace Richard and is expected to join the Board within the next few months. Richard will work with John to ensure orderly succession and a smooth handover.
John is a Chartered Accountant with extensive experience in financial services gained through senior roles in Finance, IT, Operations and Risk. John has worked for a number of large financial services organisations, in banking and insurance, and in professional services firms. John is also a Non-Executive Director for the NSPCC.
Within the past five years, John has served with Co-operative Bank plc and Hiscox plc.
There are no additional matters requiring disclosure under Rule 9.6.13 of the UK Listing Rules.
Toby van der Meer, Group Chief Executive Officer of Hastings, said:
“I am delighted to welcome John to Hastings and look forward to working with him as we continue our profitable growth trajectory. I would also like to thank Richard and wish him well for the future”.
Gary Hoffman, Chair of Hastings, said:
“Richard has played a significant role guiding the Group through its IPO in October 2015 and in the past four years has helped it deliver sustained profitable growth underpinned by disciplined cost management. I would like to thank him for his contribution”.