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NHBC announces change to Board composition and the appointment of Chris Rash as Commercial Director and CFO

NHBC has today announced changes to its Board. A new role of Commercial Director and CFO has been created, combining the roles of Finance Director and Commercial Director.

Chris Rash, formerly Group Chief Accountant at RSA has been appointed to the new role, with effect from 14 July 2014, subject to regulatory approvals.

As a result of the change, Sandra Kelly, Finance Director and Richard Tamayo, Commercial Director, will be leaving NHBC.

Mike Quinton, NHBC Chief Executive said: "The new combined role has been created to bring wider general insurance expertise to NHBC, and Chris brings with him a wealth of knowledge and experience from insurance markets around the world, which will greatly assist us as we continue to adapt to meet the challenges ahead.

"Sandra and Richard have been great assets to NHBC in their time with the company and both have helped to steer the company through the very difficult period between 2008 and 2013 when the house-building industry retrenched significantly. On the regulatory front, they achieved the first major milestone en route to full compliance with the new European solvency requirements, so that NHBC is positively positioned to build on this good work to be fully compliant by 1 January 2016.

"I would like to thank them both very much for their contributions to the company's current strong market position and robust financial strength."

Chris Rash said; "I am delighted to be joining NHBC at a time when housing is such a central issue for the UK. NHBC plays a unique role and I am very much looking forward to contributing to its future success."

Media contacts at NHBC

Sarah Hamilton  on 07798 694 911

James Hall  on 01908 746 738

News Date: 23/06/14