Sir Peter Wood, the founder, chairman and biggest shareholder in Esure, is expected to be grilled by investors at the insurer’s annual meeting this week, amid concerns over his involvement in the day-to-day running of the business. One top-10 investor said: “Esure insists that Peter remains a non-executive chairman, but I suspect he’s not that non-exec with his 30% holding. If you’re that much of an owner, you’ll be involved day to day.” Another institutional investor added: “There’s certainly a feeling that Wood is the puppet master.” Esure is searching for a new chief executive after the sudden departure of Stuart Vann in January. A successor is not expected to be named until the autumn at the earliest. Darren Ogden, the chief financial officer, is
Investors were expected to grill Sir Peter Wood at Esure’s AGM. Photograph: While Esure is also looking for a new CEO to replace Stuart Vann after his sudden departure earlier this year, a successor is not expected to be announced until Q3 2018 at the earliest.