Directorate Change

RNS Number : 1045V

Hargreaves Lansdown PLC

25 January 2017

 

25 January 2017

Update on Board Succession at Hargreaves Lansdown plc (The "Company", "Hargreaves Lansdown")

Further to the announcement on 7 September 2016, the Board of Hargreaves Lansdown is pleased to announce the appointment of Philip Johnson as Chief Financial Officer ("CFO"), subject to regulatory approvals.  Philip will be joining the Company on 20 February 2017.

Philip is an experienced Chartered Accountant and financial services CFO.  Philip was previously CFO of Jupiter Fund Management plc for seven years and prior to that Group Finance Director of M&G Limited for over five years. Philip qualified as a Chartered Accountant with Coopers & Lybrand (now PricewaterhouseCoopers).

We are also pleased to confirm that Chris Hill, Deputy Chief Executive and Chief Financial Officer, will be appointed as Chief Executive Officer ("CEO"), and, in line with our plans for an orderly handover, Ian Gorham will step down from the Company's Board and as CEO following the Interim Results and subject to regulatory approvals.   Ian will remain an employee of the Company until 30 September 2017. 

Mike Evans, Chairman of Hargreaves Lansdown plc, said

"After a thorough search and assessment process we are delighted to welcome Philip as the Group's CFO.  He has a highly relevant financial services background and will bring new skills and expertise to the Board and leadership team.  Ian has done a fantastic job in leading Hargreaves Lansdown to its current position and we are delighted to confirm the appointment of Chris as CEO to lead the Company as we execute the next phase of our growth strategy. I am very much looking forward to working with the team in delivering this strategy." 

There are no other matters required by paragraphs LR 9.6.13R (1) to (6) of the Listing Rules to be disclosed in relation to Philip Johnson's appointment as a Director of the Company.  As at 25 January 2017, Philip Johnson held 8,461 shares in Hargreaves Lansdown plc. 

Hargreaves Lansdown's Interim Results for the period ended 31 December 2016 will be announced on 8 February 2017.

For further information please contact:

Hargreaves Lansdown [phone]

Danny Cox, Media Relations

James Found, Investor Relations

Chris Hill, Deputy Chief Executive Officer

Ian Gorham, Chief Executive Officer

 

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