April 15, 2019, | AtoZ Markets - On Monday, IG Group PLC has announced that its chairman Andy Green is planning to resign in September of this year. The statement was made during the company's annual general meeting. Green has been with the company, contracts-for-difference (CFD), and spread betting brokerage for more than five years.
IG Group Chairman Andy Green to resign in September
In a statement, the online financial trading firm said its senior independent director, Malcolm Le May will lead the search for Andy Green’s successor.
Green stated that:
"With the completion of the CEO succession, this feels like a good moment to hand over the reins. I look forward to watching the company grow and prosper under June Felix's leadership."
On 30 October 2018, IG appointed Felix as its new CEO with immediate effect, making her the firm’s first ever female chief. Felix, whose appointment follows the departure of veteran Peter Hetherington last month, previously served as president of payment tech firm Verifone Inc’s Europe and Russia business. She has also previously held senior roles at Citibank and IBM.
June Felix is a non-executive director of IG since September 2015, was selected as CEO following an extensive succession planning process that analyzed external and internal candidates.
About IG Group
IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. While the majority of the company's activities are based in the UK, the company has expanded internationally. IG is regulated by the FCA, the UK’s financial authority body. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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