Legal & General Group’s chief financial officer Mark Gregory has informed the board of his intention to retire on 31 January 2017.
He has been with the company for 17 years and for the last seven years has served as an executive director, initially as chief executive officer of the savings business and subsequently as the group chief financial officer.
Mr Gregory will remain in this position until his successor is appointed to ensure there is a smooth handover. The nominations committee will be commencing a search for a successor.
He commented: “My time since becoming group CFO has coincided with a period of significant regulatory change resulting from the introduction of Solvency II and it is pleasing to have secured approval for all our applications.
“Whilst a difficult decision, I have decided that next January is a good time for me to be retiring from the group. In the meantime, I look forward to presenting the full-year results in March and helping to deliver the strategy over the coming year. ”
L&G’s chairman John Stewart added: “Mark was appointed to the board at the start of 2009 at what was a very difficult time for all companies in the financial services sector.
“The success Legal & General has achieved since then is in no small part due to the contribution that Mark has made, both as an effective executive and as an astute and insightful board colleague.”
Mr Gregory joined in 1998 and has held a variety of divisional finance director roles, serving as group financial controller, communications and resources director, resources and international director and UK service operations director.
From 2006, he was managing director, with-profits. Prior to joining Legal & General, he had worked in senior financial and business development roles at companies including Kingfisher and Asda.
peter.walker@ft.com
