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. A 'waste of dollar capital'? Elon Musk buys Twitter for $44bn Foley said he was "exceptionally proud of what M&G has achieved since becoming an independent listed company three years ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
