Business
Planned retirement of Sir Nigel Wilson
Planned retirement of Sir Nigel Wilson.
About this update from Legal & General Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n Legal & General Group Plc Board announces the planned retirement of Sir Nigel Wilson\n \n \n \n \n \nLegal & General Group Plc (\"Legal & General\" or \"the Group\") announces that Sir Nigel Wilson has informed the Board that he has decided that he would like to retire from executive life after over a decade as Chief Executive. \n \n \n Sir Nigel Wilson joined Legal & General Group in 2009 as Chief Financial Officer and was appointed Chief Executive in 2012.\n \n \n Since Sir Nigel joined Legal & General, the Group has delivered a consistently strong financial performance with a total shareholder return of over 600% driven by significant growth in dividends, earnings per share and ROE. During his time as Chief Executive, Sir Nigel has executed numerous strategic initiatives to grow and re-focus the business, consistently exceeding financial and operational targets while also ensuring Legal & General has delivered Inclusive Capitalism with positive outcomes for shareholders, customers and the broader economy.\n \n \n The Board will now commence a rigorous process to appoint a successor, considering both internal and external candidates. Sir Nigel has agreed to continue as Chief Executive until the new Chief Executive starts and he will support a smooth transition following their appointment. It is envisaged that this process will take around a year. In the meantime, Sir Nigel will continue to focus on delivering the current strategy of the Group, supported by the executive team.\n \n \n \n Sir John Kingman said:\n \n \n \n \"The Board would like to take this opportunity to pay tribute to the outstanding contribution Nigel has made to Legal & General Group for almost fourteen years. He is a world-class leader who has worked with great passion and energy, and we have been very fortunate to have had his vision, drive and commitment.\n \n \n Nigel has successfully navigated significant geopolitical changes as well as challenges in the regulatory and market environments of each of our core businesses and has steered the Group into a position of strength from which it can continue developing on behalf of its shareholders, customers and people.\n \n \n Under his stewardship, the Group has consistently delivered profitable, sustainable and inclu...