Statement regarding Chief Executive

IG Group Holdings plc

29 August 2023

 

29 August 2023

LEI No: 2138003A5Q1M7ANOUD76

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

IG GROUP HOLDINGS PLC

Statement regarding Chief Executive

IG Group Holdings plc (the "Company") announces that following a short period of medical leave, June Felix has agreed with the Board that due to her health situation she will step down from her position as CEO and director of the Company immediately and cease employment with effect from 29th September.

The Board has appointed Russell Reynolds to undertake a comprehensive search process and expects to appoint a permanent CEO in the coming months. In the meantime, Charlie Rozes will continue in his current role as Acting CEO and Chief Financial Officer.

Mike McTighe, Chair of IG Group, commented: "On behalf of the Board, I would like to extend our best wishes to June as she continues her recovery. We thank her for the significant contribution she has made over the past eight years as a board member and especially as Group CEO for almost five years. During her tenure as CEO the company has successfully pursued a strategy to diversify the business while at the same time strengthening its core OTC business resulting in a doubling of the Group's revenue and profit over the period."

June Felix added: "It has been a great privilege to build and lead such a talented, ambitious group of people as the CEO of IG Group for nearly five years. It has been through everyone's collective effort that we have built a stronger, more diverse company. For this, I thank my executive team, all of my colleagues and the Board of IG Group for an unforgettable period."

As previously announced, IG Group will provide a Q1 trading update at 7am BST on 14th September 2023.

Contact information

IG Group Investor Relations	IG Group Press	FTI Consulting
Martin Price 020 7573 0020 Simon Wright 020 7573 0099 [e-mail]	Angela Warburton 020 7633 5382 Alayna Francis 020 7633 5395 [e-mail]	Neil Doyle 07771 978 220 Katherine Bell 079 7687 0961 [e-mail]

About IG

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly 50 years, the Company has evolved its technology, risk management, financial products, and education and content to meet the needs of its retail and institutional clients. IG Group continues to innovate its offering for the new generation of tomorrow's investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.

Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000 financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.

 

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