Leading provider of online trading services IG Group Holdings plc (LON:IGG) today announced that Christopher Hill, Chief Financial Officer, will step down from his post on October 30, 2015.
Today’s announcement comes after in August this year we reported that Mr Hill voiced his intentions to resign from IG to take up a CFO role at Hargreaves Lansdown PLC (LON:HL).
Chris Hill’s departure comes amid a series of senior level personnel changes at IG, including the retirement of CEO Tim Howkins who was replaced by COO Peter Hetherington, and the hiring of FXCM’s Tal Zohar to a senior business development role.
IG’s Board and Mr Hill agree that this is the correct course of action given IG’s ongoing progress on its strategic initiative of extending its product offering into unleveraged stockbroking and investments.
The Board and the management team express their gratitude to Mr Hill for the contribution he has made to IG over the last four years and for the professional manner in which he has handled his notice period to this point.
Mr Hill will remain employed by IG until the end of his notice period in early February or to the point he takes up his new role, whichever is sooner, and in either case will receive salary equivalent to his full notice period.
IG said today that search process for a successor to Mr Hill is marking good progress and the company will update the market in due course.
To view the official announcement from IG Group, click here.