9 April 2025

Saga plc

Board changes

The Board of Saga announces that Sir Peter Bazalgette, Senior Independent Director, and Steve Kingshott, Executive Director, are stepping down from the Board with effect from today. These changes to the Board follow Saga's successful Insurance agreement with wholly owned UK subsidiaries of Ageas SA/NV, and reflect the Group's new simplified business model.

Sir Peter, who chairs the Nomination Committee, is also a member of the Remuneration Committee. The Company announces that Gareth Hoskin will become Senior Independent Director, Chair of the Nomination Committee and a member of the Remuneration Committee. Julie Hopes will become a member of the Nomination Committee. These changes take effect from 9 April 2025.

Sir Roger De Haan, Non-Executive Chairman of Saga, said:

"I would like to thank Sir Peter and Steve for all their hard work over the past years and the significant contributions they have each made. Their expertise in their respective fields of media and insurance have proven invaluable as we have reshaped Saga, positioning it for growth. We wish them well in their future endeavours."

Following the changes above, the membership of the Nomination and Remuneration Committees will be as follows:

There are no changes to the Audit, Innovation and Enterprise or Risk Committees.

For further information, please contact: 

Saga plc

3 Pancras Square
London
N1C 4AG