Legal & General has appointed Nigel Wilson as group chief executive, replacing Tim Breedon.
Wilson will take on the role on June 30, 2012 with Breedon remaining at the firm until December 31, 2012, in an advisory role.
Wilson joined L&G as group chief financial officer and a member of the board in September 2009. L&G is currently looking for a permanent replacement for his role as chief financial officer with Wadham Downing taking the position in the interim.
Last September, L&G announced Breedon was to step down as group chief executive in 2012. Breedon joined L&G in 1987 and became group chief executive in January 2006.
Breedon says: “I am delighted the Board has appointed Nigel as my successor and I know that Legal & General will continue to thrive under his leadership. We have worked together closely as CEO and CFO over the last few years and I look forward to working with him as he transitions into his new role.”