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Friends Provident appoints new finance chief

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Friends Provident has appointed a new group finance director to take over from Philip Moore on November 13.

Jim Smart previously group chief financial officer at Boots Group before the merger with Alliance Unichem will be stepping into the role and will join the board on January 1 2007 subject to FSA approval.

Philip Moore will succeed Keith Satchell as group chief executive and will take up his position from January 1. Satchell will retire from the board at the end of January.

Friends Provident chairman Sir Adrian Montague says: “The appointment of Jim Smart successfully completes the succession process we began following the announcement of Keith Satchell’s retirement, and we are delighted to welcome him to Friends Provident.”

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