British insurer Phoenix Group has announced that Nicholas Lyons will return as Chair of its Board in December, after he stepped down from the position last year to take up the full-time role of Lord Mayor of the City of London for a one-year term.
At the same time, following a decade of service on the Board, Alastair Barbour is set to step down from Phoenix Group Holdings plc as Chair of the Board of Directors and Chair of the Nomination Committee with effect from November 30, 2023.
Phoenix has confirmed that he will remain on the Board as a Non-Executive Director until December 31, 2023 to allow for a suitable handover.
“I am delighted that Nick is returning to the Board of Phoenix Group following his very successful tenure as Lord Mayor, where alongside other worthy achievements, he was instrumental in the successful launch of the “Mansion House Compact,” commented Barbour.
He continued: “It has been an honour and a privilege to have held the role of Chair over the past year, and to have been a part of the Phoenix Group story over the last ten years. I wish Nick and Phoenix every success going forward.”
Lyons, added: “I am very much looking forward to returning to Phoenix in December. I would like to thank Alastair for doing a tremendous job as Chair during my sabbatical as well as for his enormous contribution and support for Phoenix over the past 10 years.”
