Hansard Global today (28 November) said that Jose Ribeiro has advised the board that he will step down as independent non-executive director, senior independent director, and chair of the company's remuneration committee with effect from 31 December 2024.

His decision follows his recent appointment at Starr Insurance as president, Asia Pacific (APAC) and Latin America (LATAM) which he will take up on 1 January 2025.

Ribeiro has advised the Board that due to his new executive role he will be unable to dedicate sufficient time to contribute to the company appropriately.

Following a process led by the nominations committee, and supported by an independent executive search firm, Hansard said it had appointed Lynzi Harrison as an independent non-executive director with effect from 11 December 2024.

Harrison has over 25 years of relevant industry experience, spending 19 years in a variety of roles with Old Mutual and currently serving on the boards of Omnilife Ltd, Irwin Mitchell Asset Management Limited, Personal Touch Financial Services Ltd (part of the PRIMIS Group) and Holloway Friendly Society, and as a non-executive member of the With Profit Committee of Utmost L&P.

The nominations committee will, at its December meetings, consider and determine who will assume the roles of senior independent director and chair of the remuneration committee from 1 January 2025, the statement further said.

Ribeiro said: "It has been an immense honor to work alongside such a talented and committed group of professionals to reposition the Hansard Group for future growth and embark on an exciting new journey globally.

"I am confident the Group is well positioned for a bright future as it fully optimizes the use of its new IT platform and rolls out a new generation of innovative products. I look forward to witnessing the continued success of the Hansard Group. Thank you once again for the incredible journey."

Philip Kay, chairman of the board, said: "On behalf of the Board, I would like to thank Jose for his five years of service to the Company and wish him every success in his new position.

"I look forward to Lynzi joining the Company as an independent non-executive director. The company will greatly benefit from the number of years Lynzi spent in executive roles within finance and operations in the wealth management and global distribution sectors."