By Elena Vardon
Direct Line Insurance coverage Group PLC stated Friday that Chief Govt Penny James is stepping down from the function with rapid impact.
The non-life insurer stated present Chief Business Officer Jon Greenwood has been named as appearing CEO whereas the board searches for a everlasting successor to Ms. James.
Ms. James will help the transition to make sure a easy handover, the corporate stated.
Write to Elena Vardon at elena.vardon@wsj.com
