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Foreman to quit as R&SA chief executive

The chief executive of Royal & SunAlliance Peter Foreman is quitting the position at the end of this month. Foreman will be replaced by current group finance director Paul Spencer.


Julian Hance, another internal appointment will replace Spencer.


Foreman is also quitting his post as a Group Director Europe but will remain on the board until the end of this year acting as a senior adviser.


Carole St Mark has been recruited as a non-executive director.


She is president of Growth Management LLC, a US-based business development and consulting firm, and was director of Grand Metropolitan from 1995 until its merger with Guinness.

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