Footsie set to gain sixth female chief exec as Admiral picks new boss

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Footsie set to gain its sixth female chief exec as insurance group Admiral appoints a new boss

By Daily Mail City & Finance Reporter

Published: | Updated:

Six appeal: Milena Mondini de Focatiis is set to take the helm at insurance group Admiral

The FTSE 100 is set to gain a sixth female chief executive as insurance group Admiral appoints a new boss.

The firm said its co-founder David Stevens would step down in 12 months’ time to make way for Milena Mondini de Focatiis, currently head of UK and European insurance at the firm. Mondini, 42, joined in 2008 after founding Italian insurance firm Conte in 2008. 

Her appointment marks the end of an era – Stevens, 58, who helped launch Admiral in 1991, has been group chief executive since 2016.

The succession plans at the top of Admiral came as its profit before tax hit a record high of £522.6million for 2019, driven by strong performance in the UK insurance arm and price comparison site Confused.

Its full-year dividend jumped 11 per cent to 140p, and shares climbed 2.6 per cent, or 57p, to 2238p.

 

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