Avelo has promoted sales and marketing director Simon Badley to managing director after Chris Noblet announced he is stepping down from the role.
Noblet will become interim chief operating officer for at least six months to oversee Badley’s transition to the job. Avelo will look to appoint a full time chief operating officer during that period.
Badley has been with Avelo since November 2011. Prior to Avelo he was Aviva director of intermediary. Noblet has been managing director since November 2010.
Noblet says: “Since attracting Simon to Avelo, we have forged a very strong working partnership and he has proved that with his deep industry expertise and relationships, he is the ideal leader to take Avelo on the next stage of its corporate plan.”
Finance and Technology Research Centre director Ian McKenna says: “I think Avelo is moving in the right direction. Chris Noblet has done some good work at the firm and handing over to Simon Badley to continue that good work is a sensible move.”