LOM (Holdings) Limited – Directorate Appointment

HAMILTON, Bermuda – 29 April, 2014 – At a meeting of the Board of Directors of LOM (Holdings) Limited ("the Company"; Ticker: LOM.BH), held 22 April, 2014, Mr. Horst E. Finkbeiner II was appointed as a non-executive director of the Company.  He will also serve on the boards of the Company’s three Bermuda-regulated subsidiaries. 

Mr. Finkbeiner is a Bermudian who was previously the Chief Operating Officer and a director of Bermuda Commercial Bank.  He is a Fellow of the Institute of Directors (IoD) in London, and of the International Compliance Association.  In 2012, he became the first Bermudian to receive the IoD’s Chartered Director designation in Bermuda.  He also serves as a trustee of the Bermuda High School and chair of the Strategy and Advancement committees.

LOM CEO Scott Lines said, “I am very pleased that Horst has joined the LOM Board.   He brings with him many years of financial industry and corporate governance experience.  His knowledge of the Bermudian and international financial services sector is extensive and his experience in corporate governance will be most helpful to the Board and the group.”

At the same meeting, Donald P. Lines, OBE, FCA, JP, retired as Chairman of the Company, but was given the new honorary position of Chairman Emeritus, in honor of his 21 years of invaluable service on the Board.  He will remain a non-executive director of the Company.  Newly appointed Chairman Scott Lines stated, “On behalf of the Board, I would like to express deep appreciation and thanks to my father for the help, guidance and advice that he has provided to the Company through many years. I would also like to thank the Chairman Emeritus for continuing to serve as a director of the Company, where he will remain a source of wisdom acquired through many years of business experience.  LOM plans to hold a small ceremony to honor him at the upcoming annual general meeting.”

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