Friends Provident plc Directorate Change

Friends Provident plc Directorate Change

Friends Provident plc announces today the retirement of Lady Judge, the deputy chairman, from the Board of Friends Provident plc, effective from 21 May 2009, the date of Friends Provident’s Annual General Meeting. Friends Provident also announces the appointment of Rodger Hughes to the Board as an independent non-executive director with effect from 31 March 2009, subject to regulatory approval by the Financial Services Authority.

Lady Judge joined the Board of the Friends’ Provident Life Office (as it then was) in 1994. She became deputy chairman in 1998 and continued in that role following demutualisation in 2001. She played an important part in guiding the Group through its listing process at that time, and has subsequently been chairman of its Remuneration Committee, deputy chairman of its Investment Committee and a member of its Chairman’s Committee and Nominations Committee.

Rodger Hughes is a Chartered Accountant who was a partner at PricewaterhouseCoopers (PwC) for 25 years and spent 37 years at the firm before he retired in 2007. From 2002 to 2006 he was managing partner, clients and markets and from 1995 to 2002 he was leader, assurance and business advisory services. He has had extensive experience advising a wide range of clients on business issues and had extensive financial services experience earlier in his career.

Rodger Hughes is senior non-executive director and chairman of Audit Committee at Chime Communications plc, non-executive Board Member and chair of Audit Committee at Simmons & Simmons, and member, Steering Board and chairman of Audit Committee at Companies House. He will join the Board on 31 March.

Sir Adrian Montague, chairman of Friends Provident plc said:

“I would like to thank Lady Judge on behalf of the Board for her dedicated work for Friends Provident. Her roles outside Friends Provident and her international regulatory and business experience have enabled her to make a significant contribution to the Board, especially on corporate governance issues. I am very grateful to Lady Judge for the commitment to Friends Provident and for the excellent judgement she has shown over many years.

“I am delighted to welcome Rodger to the Board. He has a wealth of knowledge about the financial services sector in the UK, a great deal of international experience in Europe, the Middle East and the rest of the world. His experience will be invaluable to the Friends Provident Group and we very much look forward to working with him.”

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