Business
CEO appointment and Directorate Changes
CEO appointment and Directorate Changes.
About this update from Conduit Holdings Ltd.
[{"type":"text","content":"\n\nPembroke, Bermuda - 14 May 2025\nConduit Holdings Limited\n(\"CHL\" LSE ticker: CRE)\nAppointment of Chief Executive Officer and related Directorate Changes\nCHL, the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurance business, is pleased to announce the appointment of Neil Eckert as Chief Executive Officer and certain other related directorate changes with immediate effect.\nNeil has been acting as Conduit's interim Chief Executive Officer since late March 2025, following the retirement of Trevor Carvey. Rebecca Shelley, Senior Independent Director, has been appointed as Non-Executive Chair on an interim basis, while the Board commences a search for a permanent Chair. Ken Randall becomes Senior Independent Director.\nRebecca Shelley, Interim Chair, commented:\n\"The Board is pleased to announce the appointment of Neil as permanent CEO of Conduit. As a founder of Conduit, Neil has been deeply committed to Conduit since its inception. After conducting a search process, the Board believes that Neil's wealth of experience, strong leadership and intimate knowledge of the business and team make him the right leader to guide Conduit through its next phase of growth and maturity. We are confident that Neil and the executive team will deliver on Conduit's objectives to generate value for shareholders.\"\nNeil Eckert, Chief Executive Officer, added:\n\"I am delighted and honoured to accept the CEO role on a permanent basis and I look forward to continuing to work with the strong team at Conduit Re to deliver value to our investors, and to navigate through the inevitable challenges and opportunities that will come to Conduit Re in the years ahead.\"\nNeil's appointment as permanent Chief Executive Officer has been made following the conclusion of a recruitment process where CHL's Nomination Committee was assisted by an independent executive search firm which does not have any connection with Conduit which would affect its independence.\nIn accordance with the UK Corporate Governance Code, Rebecca Shelley has been determined to be independent upon appointment as Interim Chair and there are no circumstances likely to impair, or appear to impair, her independence.\nSainty Hird will also assist the Board in the recruitment of a permanent Chair.\nNeil's appointment as Chief Executive Officer is subject to Bermuda...