Saga chairman to step down after 26 year career with the firm

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Andrew Goodsell joined Saga in 1992 (Source: Saga)

The chairman of Saga is to step down after 14 years at the helm, ending a long career with the travel and insurance firm that stretches back to 1992.

Andrew Goodsell today notified Saga's board of his intention to retire from the company during 2018.

Senior independent director, Orna NiChionna is to kick off a search for Goodsell's successor. It is hoped the process will be completed by May 2018.

Read more: An old-fashioned pension Saga – firm to plug shortfall by capping payouts

Goodsell became Saga chief executive and chairman in 2004 and non-executive chairman in 2015, having transitioned executive responsibilities to Lance Batchelor.

"I have enjoyed my time at Saga immensely and am extremely proud of what we have achieved as a company. I have decided to step down as chairman four years after flotation in the knowledge that Saga has a very strong management team and Board which will take the business forward," said Goodsell.

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Tags: Insurance Saga