Sabre Insurance Group has announced that Andy Pomfret, the current senior independent director, has been selected as its newest chairman, effective from 1 September 2020.
The appointment follows the completion of an “extensive” search process and the receipt of regulatory approval.
At the start of the year, current chair Patrick Snowball advised the board that he “felt the time was right” to start the next stage of succession planning and to seek his successor.
Pomfret brings with him “extensive” experience of working in the financial services sector and with UK listed companies both as an executive and non-executive director.
Prior to joining Sabre, he was CEO of Rathbone Brothers from 2004 to 2014, having joined in 1999 as Finance Director.
He is currently a non-executive director of Sanne Group and Aberdeen New Thai Investment Trust, as well as chairman of Miton UK MicroCap Trust.
In addition, he was previously non-executive director at Beazley for eight years, during which time he chaired the Audit and Remuneration Committees and served as senior independent director.
In its latest update, Sabre also announced that Rebecca Shelley has been appointed by the board and approved by the regulator as the company’s senior independent director. She has been on the board as a non-executive director since October 2017.
Pomfret said: “I am delighted to be given the opportunity to take on the role of chairman. Patrick oversaw the successful IPO of Sabre and helped the group establish itself as a listed business.
“I am looking forward to carrying on Patrick’s good work with Geoff and his team, to ensure the continued success of the business.”
Snowball said: “I have greatly enjoyed my time as chairman of Sabre. With Sabre now successfully established as a listed business the time is right for me to step away and I am pleased to see Andy appointed as chairman.
“He has all the skills and experience required for the role and will be a great source of support to the team”.
CEO Geoff Carter added: “I’d like to thank Patrick personally for all his invaluable support and advice over the last few years.
“He made a huge contribution during his time as chairman and the whole Board joins me in wishing him well for the future. I’m pleased that Andy is becoming the chairman and I know everyone is looking forward to working with him in his new role”.