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...Engelhardt also clearly loves leading, which explains why he ran Admiral for more than two decades after launching the company with David Stevens in 1993, only handing over the reins to his co-founder when...
...Mr Stevens founded Admiral with Henry Engelhardt in 1991, but has only held the top job since Mr Engelhardt left in 2016....
...David Stevens, chief executive of Admiral, said: “Compare is facing challenging market conditions in 2018....
...Mr Stevens took over as chief executive from founder Henry Engelhardt last year, and earlier this month it announced that former Direct Line boss Annette Court will take over as chairman in April....
...In 2016, chief executive Henry Engelhardt, who had led the group since he founded it in 1991, left and was replaced by chief operating officer David Stevens....
...“There is access to a large pool of high-quality employees,” says David Stevens, who took over as chief executive of the company last year from his co-founder, Henry Engelhardt....
...Having run the business since he founded it in 1991, Mr Engelhardt is due to step down in May to be replaced by David Stevens, the company’s chief operating officer....
...The chief operating officer, who is set to replace Henry Engelhardt as chief executive, warned that drivers were facing further premium rises in the coming months....
...These include the US operation run by Kevin Chidwick, a former finance director once tipped to replace Mr Engelhardt. Instead, chief operating officer David Stevens will get the job....
...Mr Engelhardt, a marketeer, has focused on running the international arm in recent years, while the more technically minded Mr Stevens — and fellow Insead MBA graduate — has assumed responsibility for the...
...David Stevens, chief operating officer, said the UK car insurance industry was “coming towards the end of the longest ever period for price reductions”....
...David Stevens, chief operating officer, disputes this view....
...In his small, cluttered office, Mr Engelhardt insists the company’s focus on costs is as tight as it was in 1993....
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