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GUERNSEY - Third Point Investors Limited (LSE:TPOU) announced changes to its Board of Directors following the conclusion of its Annual General Meeting, according to a press release issued Thursday.
Huw Evans has resigned from the Board and his position as Chair of the Audit Committee, while Claire Whittet has stepped down from her roles as Senior Independent Director and Chair of the Remuneration and Nomination Committee.
For the interim period until the completion of the company’s acquisition of Malibu Life Reinsurance SPC, Richard Boléat has been appointed to serve as Chair of the Audit Committee, Chair of the Remuneration and Nomination Committee, and Senior Independent Director, effective immediately.
Boléat is a Fellow of the Institute of Chartered Accountants in England & Wales and currently serves as audit committee chairman for M&G Credit Income Investment Trust plc and Odin Re Limited.
The company stated that once the Malibu Life Reinsurance acquisition is completed, the board structure will undergo further changes. Dimitri Goulandris will become Chairman of the Board, Gary Dombowsky will be appointed as Chief Executive Officer, and Josh Targoff and Luana Majdalani will join as Non-Executive Directors.
Third Point Investors indicated that additional information regarding these changes will be provided in a prospectus to be published prior to the completion of the acquisition.
The company noted that the board extends "warm thanks and appreciation" to Evans and Whittet for their contributions during their tenure.
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