Chesnara PLC on Thursday said it appointed Tom Howard as chief financial officer, replacing David Rimmington who is retiring from his role as group finance director.

The Preston, England-based insurance company and pension consolidator said outgoing group finance director Rimmington will not seek re-election at the company’s annual general meeting in May, and will step down from his role and as a director of Chesnara.

Incoming CFO Howard has over 25 years of industry experience, most recently as CFO of Aviva Investors, the asset management division of Aviva PLC. Further, Howard has held several senior roles within Aviva, such as director of mergers & acquisitions for Aviva Group and CFO for Aviva’s Life & General Insurance business in Ireland.

Chesnara Chair Luke Savage said: ‘I am delighted to be welcoming Tom Howard to Chesnara. He has extensive financial services experience particularly in both life insurance and asset management, as well as expertise in M&A and these skills align strongly with the group’s strategic ambition.’

Chesnara shares were 0.2% lower at 262.00 pence each on Thursday morning in London.

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