Board Appointments
19 Maio 2003 - 9:00AM
UK Regulatory
RNS Number:2458L
Sirius Financial Solutions PLC
19 May 2003
19 May 2003
Sirius Financial Solutions plc ("Sirius" or the "Company")
Board Appointments
On 10 April 2003, Sirius announced that the following changes to the Board would
take place after today's Annual General Meeting.
Mike Dodd, the chief executive of Sirius' UK Systems business, has joined the
Board as an executive director. Mr Dodd has extensive experience of the
insurance sector where he has held senior positions for 20 years. For the past
five years, Mr Dodd has been a senior member of the Sirius management team,
looking after large solution customers and driving UK Broking and IFA marketing
initiatives.
Michael Anstee has rejoined the Board as a non-executive director having stood
down in September 2001 to focus on other business interests. Mr Anstee is a
recognised figure in the UK general insurance market where he is known as a
technologist and business innovator. Through his previous time on the Board of
Sirius, he has a clear knowledge of the Company's strengths and vision.
David Cox is to join the Board as a non-executive director. Mr Cox has over 34
years experience of the IT industry in sales and marketing roles, including a
long and successful career with IBM culminating in his appointment as a director
of IBM UK Ltd. Since leaving IBM, Mr Cox has held board level responsibility
for IT in both the financial services and utilities sectors with companies such
as Royal Sun Alliance, Barclays Bank and United Utilities,
Stephen Verrall, the current chief executive, will become Chairman and Chief
Executive. Mr Verrall has been instrumental in Sirius' development from its
inception.
Ian Yeoman has today retired as non-executive Chairman. In addition, following
the first AGM after his 70th birthday, John Brown will also retire, as a
non-executive director.
Commenting on the changes to the Board, Stephen Verrall said,
"I am pleased to welcome Mike Dodd, David Cox and the return of Michael Anstee
to the Sirius Board. All three bring an expertise of our products and markets
that will be invaluable in the continued implementation of Sirius' growth
strategy. I look forward to working with them and the newly strengthened Board
and to being able to focus more on the Company's strategic direction.
Ian Yeoman and John Brown leave with the Company providing market-leading
products and a growing customer base. I would like to thank Ian for his valuable
contribution over the past two years and John for his unstinting support and
wise counsel since our flotation five years ago."
Disclosures
Current and former directorships held by Michael Anstee in the past five years:-
Mike Anstee Associates (Current)
London and Edinburgh Insurance Company (Resigned Dec 1998)
Quotel Limited (Resigned January 1998)
London and Edinburgh Life Assurance Company (Resigned April 1997)
Current and former directorships held by David Cox in the past five years:-
DMC Partners Ltd (Current)
Xpert Group (Current)
Fretwell-Downing Informatics Ltd (Current)
Pindar Systems Holdings Ltd (Resigned March 2003)
Servista.com Ltd (Resigned October 2002)
Cogsys Ltd (Resigned August 2002)
Vertex Data Sciences Ltd (Resigned October 1998)
Mr Anstee has a beneficial interest in 1,000 Sirius ordinary shares. Mr Dodd
has a beneficial interest in 15,100 Sirius ordinary shares and has 115,000
options on Sirius ordinary shares as follows.
Date of grant No. of shares Option price - #
EMI Scheme:
29-Jan-03 90,909 1.100
Unapproved Scheme 9-Nov-01 15,000 0.665
29-Jan-03 9,091 1.100
115,000
All options can be exercised between the 3rd and 10th anniversary of the date of
grant.
Mr Cox has no beneficial interest in Sirius ordinary shares.
There is no further information to be disclosed pursuant to listing rule 6.F.2
(b)-(g) of the Listing Rules of the UK Listing Authority in respect of either Mr
Dodd, Mr Anstee or Mr Cox.
Enquiries
Sirius Financial Solutions (0121 355 3567)
Stephen Verrall, Chief Executive
Richard Bowser, Finance Director
Citigate Dewe Rogerson (020 7638 9571)
Martin Jackson
Daphne Claude
This information is provided by RNS
The company news service from the London Stock Exchange
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