SAGA’s incoming chief financial officer Jonathan Hill will be joining the firm in April, the over-50s insurance specialist has revealed.
Hill’s appointment was confirmed in the insurer’s six-month results but he is currently working out a 12-month notice period following his departure from housebuilder Bovis Homes, where he held the finance director role, sister title Post reports.
He will replace current CFO Stuart Howard who is retiring.
In a trading update filed on the London Stock Exchange, covering the period from 1 August to 16 December 2014, CEO Lance Batchelor said: “Our CFO designate, will be joining us on 7 April 2015 to work with our current CFO, Stuart Howard, to ensure a smooth handover during 2015.
We look forward to updating the market further on our business model and decisions we have made in regard to our long-term strategy at our Capital Markets Day on 15 January 2015.”
The insurer, which floated on the London Stock Exchange in May, is trading “in line with market expectations for the full year”, Batchelor added.
“Our flexible business model continues to allow us to move resources efficiently around the group depending on the wider market climate, enabling us to deliver consistent returns,” he said.