Admiral Group CFO Geraint Jones to retire as Rachel Lewis named successor

Daniel Bevan - Editor

Picture credit: Admiral Group

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Admiral Group has announced that its Chief Financial Officer, Geraint Jones, will retire from the role and move into a part-time position within the business from July 2026.

Jones has served as Group CFO since 2014 and has been a member of Admiral’s executive leadership team and an executive director on the Group Board throughout that period.

During his tenure, Admiral has grown into one of the UK’s leading personal lines insurers, with its market capitalisation increasing from £3.7bn to £9.6bn and its customer base expanding to around 11 million.

The company said Jones played a central role in driving consistently strong financial performance and maintaining operational discipline as the business scaled.

Jones said: “Admiral is a special company and I feel really proud to have been part of the team that has shaped it into one of the UK’s leading personal lines insurers and consumer finance providers.

“I’ve had the privilege of working for every Admiral CEO. While the business has changed a lot over the years, our culture and focus on doing the right thing for customers have remained constant.

“I will massively miss working with my colleagues every day but delighted that Rachel, who I have worked with for many years and knows the Group well, will be taking over from me in the Summer.

“I look forward to being able to support my colleagues in July and beyond in a different capacity.”

Rachel Lewis, currently CFO of Admiral’s UK insurance business, will succeed Jones as Group CFO and join the Admiral Group Board as an executive director on 1 July 2026, subject to regulatory approval.

Group Chief Executive Milena Mondini di Focatiis said: “Both the Group and I have benefitted greatly from Geraint’s wise counsel as CFO.

“During his tenure we have almost tripled our customer base and he has helped ensure that we have grown in a sustainable way.

“He is a valued colleague and friend to so many of us. On behalf of everyone at Admiral, I would like to thank him for his dedication to the Group, our customers, and our colleagues.

“We have a strong track record of succession planning, and I am pleased that we can promote from within for such an important role.

“Rachel has great commercial finance experience and a deep knowledge of our business which makes her the best person to lead our finance function.”

Admiral Group chair Mike Rogers also paid tribute to Jones’ contribution, highlighting the continuity provided by Lewis’ appointment.

He said: “On behalf of the Board, I would like to extend our sincere gratitude to Geraint who has been instrumental in helping to guide the company through a period of consistent and sustainable growth.

“Geraint is a highly respected leader and we are pleased that he will remain with the Group.

“We are grateful for the structures and talented team he will leave behind and look forward to working even more closely with Rachel.”

Incoming CFO Rachel Lewis: “I’m honoured to be stepping into the role of Group CFO. I have grown with the business and seen first-hand the talent and ambition that defines our colleagues.

“I’m grateful for the counsel and support that Geraint has given me over the years and excited to step into a new role to support our strategic ambitions, delivering further growth through customer excellence.”

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