Police Mutual Appoints New Chief Executive

Stephen Mann is to join Police Mutual as the Society's new chief executive.

Stephen began his career as a solicitor specialising in investment management and pensions before joining Norwich Union Life (NUL) in 1994 where he became director of legal services.

He went on to become an executive director, firstly as the company's strategic development director in
2003 and then as business services director two years later.

During his time with NUL Stephen served on a number of executive boards and chaired various committees, including the With Profits Committee and Norwich Union Collective Investments
Limited.

Police Mutual's chairman, John Giffard CBE QPM DL BA (Hons), said:

"Stephen has very relevant experience having worked with financial services companies for over 20 years and having been with a life assurance company for much of that time.

He was the clear choice from an impressive shortlist of candidates and I am pleased he has agreed to join us at such an important time.

"The Society has made huge progress over the years and is financially sound as a consequence, however there is still much to do. As the makeup and structure of the police service continues to change, Police Mutual must also evolve if it is to meet the changing demands of its customers.

"The management team recently completed a strategic review of the business and is now developing ambitious plans that will enable the Society to make a more significant contribution to the police service and the financial prosperity of its members.

Stephen's track record and his clear vision for the future mean he is the right person to lead the Society through this important agenda of change and development."

Commenting on his appointment, Stephen Mann said:

"I am delighted to be joining a Society that has such a close and enduring relationship with those it serves. The financial climate means the need for financial help, support and guidance has never been greater and,at a time when many financial services companies have completely lost customers' trust, I believe there is a crucial role for an organisation that genuinely puts members'needs first.

"The Society's commitment to doing the right thing is one of the reasons it is different. We need to make this difference more visible and demonstrate it wherever we can. We must also ensure police officers, police staff and their families understand that Police Mutual is part of the fabric of the police service and that the mutual nature of the Society means we share the same interests and objectives as our members.

"We have a great heritage, but also have an important challenge ahead; we must change and evolve if we are to remain relevant to the police service and the wider police family. I look forward to leading the team at Police Mutual to help achieve this. "

Stephen joins the Society on 14 April 2009. He becomes chairman of Roland Smith Insurance Brokers; the company acquired by Police Mutual in 2007, and will lead the proposed merger with the Metropolitan Police Friendly Society on behalf of Police Mutual.