Former Highway boss Gibson rejoins IAG UK

IAG UK has appointed Andrew Gibson as its new chief financial officer.

Gibson was finance director at Equity Insurance Group prior to its acquisition by IAG. He moved to Highway as chief executive in 2006.

The appointment follows the news that current chief financial officer, Richard Brewster, is retiring to pursue various non-exec roles.

The group’s director of business transformation, Phil Anderson, is also leaving to pursue external interests.

Neil Utley, IAG UK chief executive, said: “The re-introduction of Andrew Gibson as CFO is very positive for the group; he already has a depth of understanding of our business and will bring expert market knowledge. He is an ideal candidate to seamlessly continue our chosen financial strategy.”

Gibson will take up his appointment on 1 December. He said: “IAG’s UK businesses are evolving to meet the challenges of tough markets and the changing needs of their trading partners. I look forward to making a contribution to the company’s future growth.”

IAG UK said it is completing the final stages of its restructure and rightsizing programme, initiated following the sale of its mass market distribution businesses, including the Equity branch network to Swinton, earlier this year.

Utley concluded: “I would like to pay tribute to the significant contribution that Richard and Phil have made to the continuing success of the Equity Group and wish them every success for the future.”