Admiral promotes insider Rachel Lewis as CFO Geraint Jones steps down

Admiral Group PLC on Monday said Chief Financial Officer Geraint Jones will step down from the role and transition to a part-time position from July.

Jones has been with Admiral for 24 years and joined the executive leadership team and board in 2014.

The Cardiff-based insurer said Rachel Lewis, who is currently CFO of the UK insurance business and director of the UK’s entity’s board, will be appointed CFO and join the board as an executive director on July 1.

Lewis was previously chief actuary and finance director at the firm. Her appointment to the CFO position follows an internal and external recruitment process, Admiral noted.

‘Admiral is a special company and I feel really proud to have been part of the team that has shaped it into one of the UK’s leading personal lines insurers and consumer finance providers. I’ve had the privilege of working for every Admiral CEO. While the business has changed a lot over the years, our culture and focus on doing the right thing for customers have remained constant,’ said outgoing CFO Jones.

Incoming CFO Lewis added: ‘I have grown with the business and seen first-hand the talent and ambition that defines our colleagues. I’m grateful for the counsel and support that Geraint has given me over the years and excited to step into a new role to support our strategic ambitions, delivering further growth through customer excellence.’

Shares in Admiral were down 1.1% at 3,020.00 pence on Monday afternoon in London.

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