Chesnara plc announced that David Rimmington has agreed with the Board of Chesnara that he will not seek re-election at the Company's Annual General Meeting in May 2024 and that he will step down as Group Finance Director and as a Director of Chesnara at the conclusion of that meeting. Furthermore, Chesnara announced the appointment of Tom Howard as Chief Financial Officer and Executive Director of the Company, subject to regulatory approval. Tom's formal starting date is expected to be no later than the beginning of May 2024.

David Rimmington will remain with the Group throughout the year end 2023 reporting process and to support an orderly transition. Tom is a highly experienced CFO with over 25 years of industry experience, most recently as CFO of Aviva Investors, the asset management division of Aviva plc. He has held a variety of senior roles within Aviva plc, including Director of Mergers & Acquisitions for Aviva Group and CFO for Aviva's Life and General Insurance business in Ireland.

Tom brings with him European actuarial and financial reporting capabilities and a strong track record of leadership in finance, M&A, capital management and business transformation.