M&G plc announced the appointment of Elisabeth Stheeman as an independent Non-Executive Director with effect from 1 August 2024. She will become a member of the Audit and Risk Committees on the same date Elisabeth has significant non-executive experience on a range of Boards and organizations within the private and public sectors in the UK, Germany and France. She recently completed her second three-year term on the Bank of England's Financial Policy Committee ("FPC"), having also served as a member of the Bank of England's Financial Markets Infrastructure ("FMI") Board, and as a senior advisor to the Prudential Regulation Authority.

She is currently Chair of the Edinburgh Investment Trust plc, a Non-Executive Director of W. P. Carey Inc, and an External Member of the Audit and Risk Committee of the Asian Infrastructure Investment Bank. She came to the end of her final terms on the Bank of England's FPC in February 2024 and the Bank of England's FMI Board in December 2023 Elisabeth also has over 30 years' executive experience in global blue chip organizations across a range of different sectors, including banking, real estate, private equity and investment management. She was previously Global Chief Operating Officer for LaSalle Investment Management and prior to that worked at Morgan Stanley for 25 years across a variety of sectors including Real Estate and the Financial Institutions Group.

Clare Thompson, who has been the acting Senior Independent Non-Executive Director (SID) since 24 May 2023, has been appointed to be the Senior Independent Non-Executive Director (SID).