Hastings chairman to step down

Hastings Group chairman Mike Fairey has decided to step down at the annual general meeting in May.

Gary Hoffman, who joined the business as group chief executive in November 2012, will take over the role of non-executive chairman.

Toby van der Meer, who joined the business in June 2011 and has been managing director of the company's UK trading subsidiary, Hastings Insurance Services Limited, will be appointed to the company's board with effect from 1 Mar and will take over the role of CEO as of that date.

Tom Colraine, who has been senior independent director since appointment in September 2015, will replace Fairey as chairman of the company's nomination committee with effect from 1 Mar.

Colraine will also continue his existing role as chairman of the company's audit committee.