RSA has announced, following the completion of Intact Financial Corporation’s proposed takeover, Mark Hodges has been appointed to the position of chair.
The new board will oversee RSA’s UK and International (UK&I) operations.
Hodges is a former CEO of Aviva’s UK business and member of their Plc Board, and a former CEO of British Gas and a member of the Centrica Plc Board.
Additionally, Charlotte Jones, currently RSA’s group chief financial officer (CFO), will stay will the business for an initial period of up to 12 months to support the deals closure and transition activities. She will take up the role of CFO for RSA UK&I, as an executive member of the UK&I Board.
Further non-executive appointments will be announced following the completion of the acquisition later this year.
Hodges said: “I am delighted to be leading the board of RSA UK&I as we embark on a new and exciting chapter for the business. The acquisition by Intact will give the business an opportunity to continue to build on its strong market position. I’m looking forward to working closely with Scott, the UK&I Executive and the wider Intact team to take the business to further success.”
Jones said: “The next twelve months will be a critical period for RSA and Intact as we move through completion of the deal to ensure that the newly combined businesses are set up for success in the future. Having worked intensively on the transaction I’m eager not just to see it through but help make sure RSA’s UK&I business is in the best possible position to seize the opportunities it brings.”
Scott Egan, CEO added: “I’m delighted Mark is joining RSA for the next stage of our journey. We will benefit greatly from his expertise, insight and passion as we continue to strengthen and improve our businesses in the UK and internationally. Charlotte will provide important continuity and leadership for the business and team over the coming year, and I’m pleased we’ll be continuing to work closely.”