Legal & General share price: Finance chief to step down

Legal & General (LON:LGEN) has this morning announced that its chief financial officer is due to step down.

**Highlights from the company statement:**
Legal & General Group Plc (‘Legal & General’ or the ‘Company’ or ‘Group’) today announces that Mark Gregory, the Group Chief Financial Officer, has informed the Board of his intention to retire from the Group on 31 January 2017.

Mark has been with Legal & General for 17 years and for the last 7 years he has served as an Executive Director on the Board, initially as Chief Executive Officer of the Savings business and subsequently as the Group Chief Financial Officer.

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Mark will remain as the Group CFO until his successor is appointed and will ensure there is a smooth handover. The Nominations Committee will be commencing a search for a successor.

Mark Gregory, Group Chief Financial Officer, commented:

“I’ve really enjoyed my time with Legal & General and the Company is in great shape. My time since becoming Group CFO has coincided with a period of significant regulatory change resulting from the introduction of Solvency II and it is pleasing to have secured approval for all our applications.

During my long career with Legal & General, I have been fortunate to have had a wide variety of roles with the Group from running large functions such as our UK customer services, to being CEO of our Savings business and finally as Group CFO. Whilst a difficult decision, I have decided that next January is a good time for me to be retiring from the Group. In the meantime, I look forward to presenting the full-year results in March and helping to deliver the strategy over the coming year. ”

Nigel Wilson, Group Chief Executive, said:

“Mark has made a terrific contribution in the various and important roles he has undertaken at Legal & General. He has also been a great partner and I thoroughly enjoy working with him. I thank him immensely.
As of 07:19 GMT, Thursday, 04 February, Legal & General Group Plc share price is 218.00p.