L&G chief financial officer to retire

Legal-and-General-LG-700.png

Legal & General chief financial officer Mark Gregory is to retire early next year, the firm has announced.

Gregory, who has been with the insurer for 17 years, will exit on 31 January 2017 and will remain as CFO until a successor is appointed.

For the last seven years Gregory has been an executive director on the L&G board, initially as chief executive of the savings business before taking on the CFO role.

Gregory says: “During my long career with Legal & General, I have been fortunate to have had a wide variety of roles with the group from running large functions such as our UK customer services, to being CEO of our savings business and finally as group CFO.

“Whilst a difficult decision, I have decided that next January is a good time for me to be retiring from the group. In the meantime, I look forward to presenting the full-year results in March and helping to deliver the strategy over the coming year.”

L&G chief executive Nigel Wilson says: “Mark has made a terrific contribution in the various and important roles he has undertaken at Legal & General. He has also been a great partner and I thoroughly enjoy working with him. I thank him immensely.”