Article date: 30 March 2006
Norwich Union today announces changes to its senior managementteam following the decision of Gary Withers, chief executive,Norwich Union Life (NUL), to leave the company.
Mark Hodges, currently managing director, Norwich Union Insurance,will become NUL’s chief executive and Simon Machell,currently managing director of RAC, will become chief executive ofNorwich Union Insurance, while retaining overall responsibility forRAC.
These changes are effective from 3 April 2006, subject toregulatory approval.
In their new roles, Mark Hodges and Simon Machell will report toPatrick Snowball, executive chairman of Norwich Union and executivedirector of Aviva plc with responsibility for the group’s UKinsurance businesses.
Commenting today, Patrick Snowball said: “Gary has made asignificant contribution to the development of the company. Irespect his decision to seek a new challenge and wish him everysuccess in the future. The financial and operational expertise ofMark Hodges and Simon Machell will ensure that our businessescontinue to deliver profitable growth.”
Press office contacts:
James Evans Norwich UnionLife 01904 452791 Out of hours 07800 699525
Hayley Stimpson Aviva plc 020 7662 7544 Out of hours 07800699662
Notes to editors:
- Norwich Union is the UK's largest insurer. It is a leadingprovider of life, pensions and investment products and one of thelargest financial adviser (FA) providers. FAs provide over 70% ofthe company's long-term savings business in the UK. Norwich Unionis the UK's largest general insurer with a market share of around14%, with a focus on insurance for individuals and smallbusinesses.
- Aviva, Norwich Union’s parent company, announced itsacquisition of the RAC in 2005. The acquisition brings togetherthe RAC's powerful brand and customer base with the expertise andleading position in motor insurance of Norwich UnionInsurance.
- The Aviva media centre at www.aviva.com/media includesimages, company and product information and a news releasearchive.