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Friends appoints ex-Co-op Bank boss as non executive director

Friends Provident has appointed Sir Mervyn Pedelty as a non-executive director with effect from 1 October 2006.

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Pedelty, 57, was chief executive of The Co-operative Bank from 1997 until his retirement in December 2004 and in addition, he was chief executive of Co-operative Financial Services and the Co-operative Insurance Society from 2002 until December 2004.

He is currently a non-executive director of Hiscox plc, chair of the FTSE4GOOD Policy Committee, a director of Business in the Community, and was a member of the Department for Work and Pensions Employer Task Force on Pensions.


Pedelty says:

‘‘Friends Provident is a company that has developed a reputation for balancing strong market performance with a progressive and ethical culture. I am delighted to become an active participant in its further development’’.

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