Equity release provider Age Partnership has appointed former media manager Steve Auckland as CEO.
Mr Auckland acted as a consultant and non-executive director of Age Partnership before his appointment as CEO.
He succeeds Tim Loy, who has been appointed group CEO in a role that covers both Age Partnership and its sister company Pure Retirement.
According to the group, he will be “concentrating on the day-to-day running of the business... and ensuring it remains at the forefront of customer service and delivery within the equity release market”.
Before joining the Age Partnership Mr Auckland acted as CEO of ESI Media, which counts The Independent and Evening Standard among its brands.
He played a role in the sale of the i newspaper and closure of the Independent’s print operation.
Before that he was CEO of Northcliffe Media, the regional newspaper arm of Daily Mail and General Trust, which was sold to regional publisher Local World. He was also previously managing director of free newspaper Metro.
Mr Auckland said: “Having been involved in a small capacity with the company over the last two years, I have been fortunate to witness the huge potential for further growth.
“This is a vital sector for the economy and as the UK’s number one equity release business, we are well placed to help customers release value from their homes and enrich their lives.”