Anne Richards steps down from esure board

Anne Richards has stepped down from a non-executive role on insurer esure’s board, following her appointment as chief executive of M&G Investments.

Esure confirmed the move to the London Stock Exchange on Friday. Richards has been with the insurer for nearly four years. She was among the board members who saw the company through its successful listing on the LSE in 2013.

Paying tribute to her work, esure founder Peter Wood said: "Anne Richards has been an exceptionally valuable member of the esure Group board. We offer her our sincerest thanks and best wishes on her new role as CEO of M&G Investments."

At 1248 GMT esure’s share price was down 2.40% or 0.98p at 242.70p.