Peter Hargreaves has called for chair of Hargreaves Lansdown, Deanna Oppenheimer to step down over what he deemed “diabolical” performance of the business.
Hargreaves, who is the largest shareholder in the platform, told the Times that he did not know how Oppenheimer could carry on. "Look at the performance of the company while Deanna Oppenheimer has been chair — it has diabolical. She has presided over a disaster," Hargreaves told the paper. The shareholder, who left the board in 2015, voted against the re-election of Oppenheimer and Moni Mannings, chair of the board's remuneration committee at the annual general meeting on Wednesday (19 October). Hargreaves Lansdown CEO Chris Hill to step down However, both were re-elected with 6...
To continue reading this article...
Join Investment Week for free
- 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