Notice Appointment of Mr Naval Sood & Retirement of Mr Michael Turner
Michael turnerThe Board of I&M Group PLC ('the Company') announces the retirement of Mr. Michael Turner as a Non-Executive Director on the Board with effect from 1st August 2023 upon completion of his nine (9) year tenure. Mr. Turner served as Chairman of the Board Nomination, Remuneration & Governance Committee and a member of the Board Audit & Risk Management Committee until his retirement.During his tenure, Mr. Turner made significant contributions to the growth and success of the Company through his valuable counsel to the Board particularly in the areas of strategy, investments, governance, audit and finance.The Board of I&M Group PLC wishes to sincerely thank Mr. Turner for his invaluable contribution to the Company, unwavering commitment, and steadfast support during his tenure on the Board and wishes him every success in his future endeavors.Mr. Naval SoodThe Board of I&M Group PLC is pleased to announce the appointment of Mr. Naval Sood as a Non-Executive Director on the Board with effect from 15th August 2023.Mr. Sood is an experienced corporate finance professional with over 40 years' experience in mergers & acquisitions (particularly in the financial services sector), corporate finance, capital market transactions design and implementation, management consulting and audit. He is a thought leader in financial services and capital markets developments in sub-saharan Africa and has authored several presentations, articles and press publications and served on committees developing Kenya's capital market regulatory framework.Mr. Sood recently founded AstuteLogic Advisory Limited, a boutique advisory services firn.. Prior to this, until 2022, he was with Stanbic Bank Kenya investment banking division for 11 years where he held a senior role as Head of Corporate Finance, East Africa and led teams that helped design and deliver some of the largest and most complex merger and acquisition and capital market transactions in East Africa.Mr. Sood holds a Master's in Business Administration (MBA) from London Business School and is a Certified Public Accountant (CPA-K) and Fellow of the Association of Chartered Certified Accountants (ACCA).Mr. Sood brings on board a wealth of knowledge and expertise and the Board is pleased to welcome him to I&M Group PLC.