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Friends Prov CEO of life and pensions Ben Gunn to step down

Friends Provident has announced that the firms chief executive officer for life and pensions Ben Gunn is to retire at the end of 2008.

Gunn will remain until the end of 2008 to ensure a smooth transition with Trevor Matthews, who joins as CEO towards the end of July. As of September 1, 2008 Gunn takes on the role of chairman of life and pension until the end of the year.

Friends Provident executive chairman Sir Adrian Montague says: “The Company owes a debt of gratitude to Ben for the important contribution he has made to the development of Friends Provident over many years.

“The strong positions we now hold in pensions, protection and international operations are due in no small part to Ben’s influential leadership and vision. These are the very market positions that now form the cornerstone of our new strategy, enabling the Company to look forward to many more successful years in the future.”

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