John Foley, group chief executive of M&G is planning to retire, the company said in a stock exchange announcement this morning (27 April).
Foley was appointed CEO in 2015, having joined Prudential plc in 2000 as deputy group treasurer. During his time as CEO he executed the merger of M&G Investments and Prudential UK in 2017 and the subsequent demerger of the group from Prudential plc in 2019. The board said it will now "initiate a process to appoint a new chief executive" but Foley will continue to serve until the successor is in place. Foley said he was "exceptionally proud of what M&G has achieved since becoming an independent listed company three years ago". "We have delivered our demerger commitments despite extr...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes