Chief financial officer departure
On 9 August 2015, IG Group Holdings plc ("IG"), a global leader in online trading, announced that Chris Hill had informed the Board of his decision to resign from IG in order to take up the role of Chief Financial Officer of Hargreaves Lansdown plc.
IG today announces that following a smooth handover of Chris' responsibilities to the IG Finance team, it has been mutually agreed that Chris will step down from his post on 30 October 2015. The Board and Chris 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 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.
Chris 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 has placed no restrictions on Chris regarding the timing of his future employment. In line with the terms of his contract, Chris forfeits unvested stock grants.
The search process for a successor to Chris is progressing well and IG will update the market as soon as this has concluded.
IG continues to trade in line with expectations.