Molins PLC announced that Mrs. Avril Palmer-Baunack is stepping down from her role as Chairman and from the company's board. Mr. Phil Moorhouse, currently Non-Executive Director and the Senior Independent Director, will assume the role of non-executive Chairman. Both changes take immediate effect.

Avril's decision comes as a result of her significantly increased professional commitments, in particular in her role as Executive Chairman of BCA Marketplace plc.