Taylor Maritime changes to Commercial Company Status; Board Changes
The Board is pleased to confirm that the transfer of the Company’s ordinary shares listing from the closed-ended investment funds category to the equity shares (commercial companies) category of the Official List (the “Transfer”) became effective 10 February 2025. Details of the Transfer were explained in the circular to shareholders dated 11 December 2024 (the “Circular”).
At the Company’s general meeting held on Monday 13 January 2025, shareholders also voted in favour of the resolution to change the Company’s name to Taylor Maritime Limited (“TML”), conditional on the Transfer becoming effective. This change of name has become effective on 10th February as a matter of Guernsey law.
As a result, dealings under the new name will commence at 8.00am (GMT) on 11 February 2025. The Company’s tickers (TMI and TMIP), Legal Entity Identifier and the ISIN and SEDOL identifiers for the Company’s ordinary shares will each remain unchanged. The Company’s website address will shortly change to https://www.taylormaritime.com.
Notice has been given to the Guernsey Financial Services Commission for the surrender of the Company’s registration as a closed-ended collective investment scheme, effective 10 February 2025.
Shareholder attention is drawn to paragraphs 3, 4, 5 and 6 of Part 1 of the Circular for further details of the effect and implications of the Transfer.
Board Changes
The Board is pleased to announce the appointment of Mr. Alexander Slee (Deputy CEO), Ms. Yam Lay Tan (CFO) and Ms. Camilla Pierrepont (Chief Strategy Officer) as Executive Directors of the Company with effect from 11 February 2025.
Alexander Slee has spent the last 18 years in the shipping industry and has worked with Edward Buttery since 2016, prior to the Company’s IPO. After starting his career in the investment banking division of Citigroup in London, he joined Pacific Basin Shipping in Hong Kong in 2006 where he worked in a variety of corporate and divisional management roles. From 2010 he was General Manager of Vanship Holdings, a privately owned tanker and bulker ship owning company, and Group Strategy Director at Univan Ship Management, where he was closely involved in its merger with Anglo-Eastern Ship Management. Mr. Slee holds a BA in Classics from Oxford University and has attended a management programme at INSEAD. He has served as a member of the Executive Committee of the Hong Kong Shipowners Association, and is a Director of the UK P&I Club.
Yam Lay Tan graduated with an Accountancy degree from Nanyang Technological University of Singapore (NTU) in 1993. She has been a member of the Institute of Singapore Chartered Accountants since 1994 and is a Chartered Accountant. Ms. Tan was General Manager, Finance of Epic Gas Pte. for 6 years. Within the Epic Group she served as the director and company secretary of more than 40 companies. Prior to Epic, Ms. Tan held senior finance positions in security, IT, semiconductor and service companies. Ms. Tan has worked with Edward Buttery since 2019.
Camilla Pierrepont began working with Edward Buttery in 2018 as Group Strategy Director. Ms. Pierrepont has held various strategy and investment roles over the last 20 years having started her career as a strategy consultant at Monitor Deloitte (London). In aggregate, Ms. Pierrepont has spent more than 10 years in the shipping industry including 4 years with shipping company, Epic Gas Pte (London & Singapore) as Head of Strategic Development. Outside of shipping, she has spent time in the technology industry including as a Portfolio Manager at Blenheim Chalcot (London), a venture capital firm and as a Senior Strategy Manager in the Strategy and Corporate Development Team at Microsoft (Seattle). Ms. Pierrepont holds a BA in Chinese Studies from Oxford University. She is a Non-Executive Director of WPA Health Insurance.
Henry Strutt, Chairman, commented:
“On behalf of the Board, we are pleased with the support from our shareholders to the resolutions proposed at our 13 January EGM which we consider to be a natural step in the Company’s evolution as a commercial company and will provide greater operational flexibility to deliver sustainable, long-term value for shareholders.
We are delighted to announce Alex, Camilla and Yam Lay’s appointment to the Board, each having played an integral role in the Company’s senior leadership team since the Company’s IPO. We are grateful for their continued commitment and we welcome them as Executive Directors.”
No further disclosures are required for Alexander Slee, Yam Lay Tan or Camilla Pierrepont in respect of paragraphs 6.4.8 of the Financial Conduct Authority’s UK Listing Rules.
Phoenix Group Holdings Plc – Board changes
The Board of Phoenix Group Holdings plc today announces that Jim McConville, the Group Finance Director and Group Director Scotland, will be standing down on 15 May 2020 following the AGM and after eight years with the business. He will be succeeded by Rakesh Thakrar, current Deputy Group Finance Director, subject to appropriate regulatory and shareholder approvals. Jim joined Phoenix in June 2012. During his tenure he has been a core member of the management team that has transformed the Phoenix Group, significantly strengthening its balance sheet, establishing a tradition of meeting or exceeding all its financial targets, and helping to deliver the group’s transformative acquisitions of Standard Life Assurance in 2018 and the proposed acquisition of ReAssure Group plc, announced last December. Rakesh is a qualified accountant and has been a long-serving member of the Phoenix Group, originally joining in 2001. He started his career at Canada Life after graduating in Economics from the University of Warwick. Rakesh has been Jim’s deputy since 2014 and has been a member of the Phoenix Life Board since 2018. The Board is delighted that Rakesh has accepted the opportunity to succeed Jim given his longstanding knowledge of the Phoenix Group and the long-term savings industry, and his proven skills in managing the Phoenix Group’s finances. Jim’s Group Director Scotland responsibilities will transfer to Susan McInnes, CEO Standard Life Assurance and Group Director, Open business. Nick Lyons, Phoenix Group Chairman said: “Jim’s authority and confidence have been a cornerstone of Phoenix’s success in recent years and it is a mark of the man that he has helped prepare and develop his successor. The Board believes that Rakesh is a remarkable talent, with a deep and broad understanding of our business and its potential. He will form a perfect complement to our CEO-designate Andy Briggs, with whom he has already been working on strategic planning.” Jim McConville: “I am truly proud of my time at Phoenix and all we have achieved and I am delighted to be handing over the reins to Rakesh. He will serve this business well as it now has the opportunity to capitalise on its enormous strengths. I wish Andy, Rakesh and all the team every success.” Andy Briggs said: “Phoenix has a reputation for growing its own timber, so it is no surprise that a candidate of Rakesh’s calibre is ready to become CFO. Rakesh has a profound understanding of the Life and Pensions business and the M&A expertise for which Phoenix is well known. I am looking forward to working closely with him.” Andy Briggs becomes CEO of Phoenix Group from 10 March 2020, having been CEO-designate since joining the Group in January 2020. Mr Thakrar was a director of three of Phoenix’s subsidiary dormant companies that were dissolved in 2018. There is no further information required to be notified under Listing Rule 9.6.13R.
Allianz unveils board changes as Helga Jung decides to leave after 26 years
Allianz SE has revealed that Helga Jung, a member of the board of management, will retire from her station by the end of this year, December 31, 2019.
She leaves after serving Allianz for 26 years -eight of those years spent as a member of the board of management.
Jung has been a part of Allianz since 1993, later serving as head of group mergers and acquisitions from 2000 to 2011. She then became part of the board of management, where she was in charge of M&A, strategic participations, legal and compliance, as well as the insurance business in Iberia and Latin America.
She was the first woman to join Allianz SE’s board of management.
Renate Wagner, currently chief human resources officer at Allianz SE, has been appointed as Jung’s successor from January 1, 2020, subject to regulatory approval.
Wagner joined Allianz SE as head of office for the chief financial officer (CFO) in 2013 and led the office of the chief executive officer (CEO) later. Prior to her current role, she was regional CEO for our life and health (L&H) business in Asia Pacific.
Michael Diekmann, chairman of the Supervisory Board of Allianz SE, said: “With Helga Jung retiring, we will lose a highly respected colleague who has left a lasting imprint on the Allianz group. Helga has been a driving force of Allianz’s international expansion through a series of strategic acquisitions, always carried out with sound judgement and great teamwork. Renate Wagner will ensure continuity on Board level with a unique combination of excellent finance and HR management skills, which underlines our strong internal succession pipeline for the Management Board at Allianz SE.”
Oliver Bäte, chairman of the board of management of Allianz SE, added: “Helga Jung will be missed as a valuable contributor and as a person of high integrity. While I am sad to see Helga leave, I am glad that we have a strong bench of new leaders from inside of Allianz and I welcome Renate Wagner to the Board. With Renate, we have nominated an experienced and energetic executive who will actively drive the future success of Allianz.”