One of the founders of Leicester-based wealth manager Mattioli Woods is to step down as the firm’s executive chairman next year.
Bob Woods will remain in the role until October 2016, after which he will remain on the board in a full time role of founder director, serving as an ambassador for the business.
Woods will also support development of the firm’s high-end and private client base.
He will be replaced by Joanne Lake, who has been named deputy chairman ahead of her accession to non-executive chairman at the Mattioli Woods annual general meeting, at which Woods will step down.
Lake has chaired the firm’s audit committee since July 2012, while also serving as an independent non-executive director.
She previously spent more than 20 years in investment banking, advising on capital raising, acquisitions and disposals.
Mattioli Woods says the 2016 handover will allow for a considered transition of responsibilities between Woods and Lake.
Chief executive and fellow founder Ian Mattioli says: “Having founded Mattioli Woods with me in 1991, Bob has been instrumental to the success of the group and has overseen its development from specialist pension consultancy into a capable full service wealth management and employee benefits corporation.
“In this new role we will continue to benefit from his experience and insight as both a director and a major shareholder. On behalf of the board and indeed the whole group, I would like to express my gratitude to Bob for his immense contribution to the group to date.”