Having announced his departure in August this year, IG Group chief financial officer Chris Hill has revealed that he will step down ahead of schedule and leave his role today (October 30th).
Hill is leaving to join financial services company Hargreaves Lansdown, and was originally due to depart in February 2016.
However, with the handover of his responsibilities to the IG Group finance team now completed, it has been mutually agreed that Hill will step down earlier than originally planned.
The IG Group board believes that this is the best course of action given the company’s progress on its strategic initiative of extending its product offering into unleveraged stockbroking and investments.
“The Board and the management team are extremely grateful for the contribution Chris 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, and wish him every success in the future,” IG Group said.
While he steps down from the CFO role, Hill will remained employed by IG Group either until the end of the originally agreed notice period in February, or whenever he takes up his new role, and will receive a salary equivalent to his full notice period.
He is not subject to any restrictions as to when he can begin working with Hargreaves Lansdown. In line with the terms of his contract, Hill forfeits unvested stock grants.
IG Group is yet to identify a successor for Hill, but says that the search is progressing well, with an update to be made when a preferred candidate has been chosen.
source : www.gamingintelligence.com
