The Board of Phoenix Group Holdings plc announced that Nicholas Lyons will be appointed as Chair of the Board of Directors and Chair of the Nomination Committee with effect from 1 December 2023. Nicholas resigned from that position on 1 September 2022 to take up the prestigious full-time role of Lord Mayor of the City of London beginning in November 2022 for a one-year term. Following 10 years on the Board, Alastair Barbour will step down from Phoenix Group Holdings plc as Chair of the Board of Directors and Chair of the Nomination Committee with effect from 30 November 2023 and remain on the Board as a Non-Executive Director until 31 December 2023 to allow for a suitable handover.