R&Q appoints independent director, plans to add more

Non-life specialist R&Q Insurance announced the appointment of Robert Legget as senior independent director on Monday, joining the board on 26 August.

The AIM-traded firm said current senior independent director Alastair Campbell would remain an independent director, and would retire as previously planned on 31 January after nine years on the board.

It said the appointment formed part of its ongoing, previously-announced plans to enhance its board composition.

The board said it also planned to introduce an independent non-executive chairman “as soon as possible” with the appointment of further independent directors in due course.

“Robert's appointment will improve the mix of opinion, expertise and perspective available to the board,” said executive chairman William Spiegel.

“In particular, his corporate governance experience and background in capital markets and advising investors will be of significant value.”

Legget is chairman of Progressive Value Management, a firm that focuses on the creation of shareholder value, which he co-founded in 2000.

Prior to that, he was a director of corporate finance with Edinburgh-based merchant bank Quayle Munro - now part of Houlihan Lokey.

During his career he also held a number of senior finance and accounting roles, and is a qualified chartered accountant who holds an MBA.

“I look forward to working closely with William and his fellow board members to help support the delivery of the current strategy and enable R&Q to achieve its potential,” Robert Legget said of his appointment.

Reporting by Josh White at Sharecast.com.