BF&M Announces Changes To The Board

March 21, 2019

In a filing with the Bermuda Stock Exchange [BSX], BF&M Limited today [March 21] announced changes to the Board.

The filing stated: “BF&M Limited announced today that Mr. Gavin Arton will retire from his role as Chairman of the Board and a Director of BF&M Limited at the upcoming Annual General Meeting of the Company on May 15, 2019.

“Mr. John Wight, currently President and Chief Executive Officer of BF&M Limited, will succeed Mr. Arton in the combined role of Chairman and Chief Executive Officer, immediately following the May 15 Annual General Meeting.

“Mr. Wight has served BF&M as President and Chief Executive Officer since 2005, before which he was Executive Vice President and Chief Financial Officer for the Company, having joined in 1992. Mr. Wight has 35 years of experience in the financial services sector in Canada and Bermuda, and holds FCPA, FCA and CPCU designations.

“Mr. Arton has been Chairman of the Board of BF&M Limited since 2008. He was elected to the Board as a Director in 1998, since which he also assumed Directorships with several of BF&M’s subsidiary companies.

“Also retiring from the Board of BF&M Limited at the Annual General Meeting on May 15, 2019, are Mr. Garry A. Madeiros OBE, who has served two terms on the Board of Directors of BF&M Limited with the second being since 2006, and Mr. C. L. F. [Lee] Watchorn, who was appointed as a Director of BF&M Limited in 2006.”

Mr. Arton stated, “I advised the Board in May of 2018 that I would be retiring as chairman and a Director of BF&M following the Annual General Meeting in May 2019. I am pleased that the Board has unanimously agreed to appoint Mr. John Wight as Chairman and wish him and the Company every success going forward.”

Mr. Wight commented, “On behalf of the Board, I would like to thank Gavin, Garry and Lee for their significant contributions to BF&M over many years.”

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