Wealth management company Quilter revealed on Thursday that chairman Glyn Jones had indicated his intention to retire from the role as soon as a successor has been put in place.
Quilter stated its board corporate governance and nominations committee had established a process, to be led by senior independent director Ruth Markland, to identify a new chairman.
The FTSE 250-listed firm added an announcement on Jones’ successor would be made at “the appropriate time”.
Jones said: “It has been an enormous privilege for me to serve as chair of Quilter since November 2016. I have greatly enjoyed leading a strong and diverse board, which has overseen Quilter’s journey through IPO and the first few years as a listed company.
“Now that Quilter has been substantially simplified to focus on its core UK market, our future strategy and medium-term objectives are clear, and the board has recently been refreshed, I believe it is also time for a new chair.”
As of 0900 BST, Quilter shares were up 0.70% at 144.35p.
