Change of Board Responsibilities
Ondo InsurTech Plc announced that Gregory Mark Wood CBE has transitioned from Non-Executive Chairman to Executive Chairman, effective immediately. This strategic move aims to leverage his extensive prior experience, including leadership roles at Prudential UK and AXA UK, to provide enhanced support to CEO Craig Foster as the company pursues commercial expansion. Mark Wood currently holds 2,534,652 Ondo shares, representing 1.69% of the company's issued share capital.
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Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, announces that Gregory Mark Wood CBE, Non-Executive Chairman of the Company, has assumed the role of Executive Chairman with immediate effect. The Board believes that Mark's extensive prior experience, including as Chief Executive Officer of Prudential UK and CEO of AXA UK, will be of considerable value to the Company in an executive function.
Mark has acted as Non-Executive Chairman since the Company's admission in 2022. This change in structure will provide additional support to Craig Foster, the Company's Chief Executive Officer, as the Company continues to pursue its commercial expansion.
Mark Wood currently owns 2,534,652 Ondo shares, representing 1.69% of the Company's issued share capital.
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