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Quilter plc Directorate Changes

11 March 2020

Quilter announces that Cathy Turner and Suresh Kana will not seek re-election at the Company’s Annual General Meeting on 14 May 2020 (the “AGM”), and will stand down from the Board with effect from the end of the AGM.

Ms Turner has recently taken up an appointment as a Board member and Chair of the Remuneration Committee at a FTSE 100 company and can no longer commit the required time to her duties on the Quilter Board.

Dr Kana’s decision to step down is primarily driven by the extensive travel required as a result of his serving on a UK public company Board from South Africa, in addition to his other existing international commitments. He believes that this is an appropriate time to step down now that Quilter’s governance processes are well established.

Commenting, Glyn Jones said, “Cathy has made a significant contribution to the establishment by Quilter of remuneration policies and structures appropriate for an independent public company. Suresh’s insight into South African corporate governance practices has been very valuable during our formative period as a dual-listed entity. We wish them every success in their future endeavours.”

Ruth Markland, our Senior Independent Director, who has served as a member of the Board Remuneration Committee since she joined the Board in June 2018, has agreed to succeed Cathy as Chair of our Board Remuneration Committee. An external search agency has been appointed to help us identify successors for both Ms Turner and Dr Kana.

Enquiries

 

Investor Relations:

John-Paul Crutchley

 Keilah Codd

 

+44 (0)20 7002 7016

+44 (0)20 7002 7054

Media:

Jane Goodland 

Tim Skelton-Smith

 

+44 (0)7790 012 066

+44 (0)7824 145 076

Company Secretary:

Patrick Gonsalves            

 

+44 (0)20 7778 9670