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BUZZ-Quindell: Names retail veteran Rose as non-exec chairman

Reuters - UK Focus

** Quindell Plc (LSE: QPP.L - news) 's shares jump as much as 39.5 pct, after the British company names retail veteran Richard Rose as non-exec chairman, nearly two months after ex-chairman and founder Robert Terry stepped down

** Stock pares back some gains, still up more than 30 pct, and poised for one of its best days over the past 3 years

** Rose is currently non-exec chairman of UK's biggest cash-and-carry wholesaler Booker Group Plc (LSE: BOK.L - news)

** The company, which provides technology used by car insurers to assess claims among other services, also names Jim Sutcliffe, the former CEO of insurer Old Mutual Plc (Other OTC: ODMTY - news) , as deputy chairman and strategy director

** About twice Quindell's average daily volume had traded in the first 90 minutes (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)