Andrew Formica, CEO of Jupiter Fund Management, has informed the board of the company of his intention to retire on 1 October, the company announced today (28 June).
The statement said Formica's long-term plans involve his relocation back to Australia and that given the initial phase of Jupiter's transformation is complete, he feels now is the right time to move on. Nichola Pease, chair of Jupiter, said Formica "has been an excellent leader throughout a highly challenging period for the business, the industry and indeed the world; his expertise and vision have strengthened our underlying business and driven progress towards our long-term strategic objectives." Formica will remain with the business until 30 June 2023 to ensure "a smooth leadership ...
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