Admiral Group Welcomes Experienced Non-Executive Director
Admiral Group Welcomes Experienced Non-Executive Director
Admiral Group plc is excited to announce the recent appointment of Paola Bonomo as an Independent Non-Executive Director. This decision is effective from 12 May 2025, marking a significant milestone for the company as it expands its leadership team.
Leadership Insights from Paola Bonomo
Paola is not new to the world of corporate leadership; she brings over 14 years of experience in strategy consulting with major firms like McKinsey, focusing on technology and telecommunications. Her track record includes 10 years of progressive operational leadership in the digital technology space, where she held key roles at notable companies such as eBay, Vodafone, and Facebook. At Facebook, she acted as the Global Marketing Solutions Regional Director for Southern Europe, showcasing her capability to lead in dynamic environments.
Extensive Board Experience
Bonomo's history is rich with governance experience as she has served as a Non-Executive Director at AXA Assicurazioni S.p.A., where she contributed to vital Audit and Remuneration Committees from 2014 until earlier this year. Currently, she is a Non-Executive Director at FAAC S.p.A., known for its access automation solutions, and Infrastrutture Wireless Italiane S.p.A. (INWIT), the leading operator of telecommunications towers in Italy. Bonomo is also the Vice Chair of Italian Angels for Growth, where she advises digital startups, underscoring her commitment to fostering innovation.
Academic and Professional Credentials
Her academic credentials are impressive, with an MBA from the prestigious Stanford Graduate School of Business, complemented by a business administration degree from Università Commerciale Luigi Bocconi in Italy. This robust educational foundation, paired with her vast experience, positions her as a valuable asset to the Admiral Group board.
Comments from Admiral Group Executives
Mike Rogers, the Chair of the Admiral Board, expressed his enthusiasm about Paola's appointment, stating that her significant knowledge of the financial services sector and experience in digital transformation will be indispensable to deliver the Group’s ongoing strategy. He believes her insights will greatly enhance the board's effectiveness and guide Admiral in achieving its strategic goals.
Paola Bonomo's Vision
Upon her appointment, Paola Bonomo shared her excitement to join Admiral's Board. She spoke about the group's reputation as a leading personal lines insurer in the UK, emphasizing its innovative use of data to address customer needs. Bonomo is eager to collaborate with the Board and management team to further Admiral's ambitions for sustainable growth across the UK and Mainland Europe.
Welcoming Remarks from the CEO
Milena Mondini de Focatiis, CEO of Admiral Group, extended a warm welcome to Paola, noting the company's ongoing evolution and her anticipation of working together to meet the needs of their expanding customer base. Her leadership is poised to aid Admiral Group in navigating the future with adeptness.
Committee Appointments
In her new role, effective 12 May 2025, Paola will also join the Admiral Group Remuneration Committee, collaborating with other esteemed members including Karen Green (Chair), Justine Roberts, and Mike Brierley. This role underscores her pivotal position within the governance framework of the Group.
About Admiral Group
Admiral Group plc stands as a recognized leader in the FTSE 100 within the financial services sector. The company, headquartered in the UK, offers a broad range of services including motor, household, travel, and pet insurance, as well as personal lending products. Since its inception in 1993, Admiral has expanded its operations internationally, with a presence in Canada, France, Gibraltar, India, Italy, Spain, and the US.
Frequently Asked Questions
What notable experience does Paola Bonomo bring to Admiral Group?
Paola Bonomo brings extensive leadership experience from digital and technology sectors, having worked with major firms like McKinsey, eBay, and Facebook. Her insights will be crucial for Admiral Group's growth.
When does Paola Bonomo officially start her role at Admiral?
Paola Bonomo will officially begin her role as Non-Executive Director on 12 May 2025.
What is Admiral Group known for?
Admiral Group is a prominent player in the FTSE 100, specializing in various insurance products and personal lending solutions, focusing on customer-centric innovation.
How will Paola Bonomo contribute to the Admiral Group's strategy?
Her background in digital transformation and governance will aid Admiral in adapting to market changes and achieving long-term growth objectives.
Who else is on the Remuneration Committee alongside Paola Bonomo?
The Remuneration Committee will also include Karen Green (Chair), Justine Roberts, and Mike Brierley starting from 12 May 2025.
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