Charles Taylor Consulting plc today announces that John Rowe has advised the Board that, after 37 years' service with the Company, the last 17 of which were as a Board member, he wishes to retire as CEO and as a member of the Board by the end of 2011.
The Board has accepted this decision and has commenced a formal search process to identify a successor. It is expected that his successor will take up his/her duties during 2011, at which point John Rowe's retirement will take effect.
The Board has asked John Rowe to remain involved as a consultant following the appointment of his successor, which he has agreed to do.
Commenting, Rupert Robson, Chairman, said:
"The whole Board wishes to record its thanks to John Rowe for an exceptional period of service and leadership at the Company. We believe that CTC is well placed to grow on the foundations put in place by him and we are delighted that, following his retirement, he will remain available as a consultant to CTC."
John Rowe has been employed with the company for 37 years and has been Chairman and/or Group CEO since 1993. During that period he successfully steered the organisation to its current listed company status in 1996, during which time revenues have grown from £20m to approximately £100m.
Charles Taylor Consulting is a leading provider of insurance services. We manage mutual insurance companies, advise insurers on complex insurance losses and provide administration and consultancy services to insurers and insureds worldwide. We also own life and non-life insurance companies which are closed to new business. Further information on the group can be found at www.charlestaylorconsulting.com.