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Mike Hughes steps down as CEO of Burns-Anderson

Mike Hughes has resigned from his role as CEO of Burns-Anderson less than three months after Money Portal acquired the business.

Hughes says he was offered another role within the Money Portal Group but decided to turn it down to pursue other personal ambitions.

He says: “When I was appointed chief executive three years ago, my priorities were to build a successful business, create a compelling proposition for members and provide a long overdue return to shareholders. Since these objectives have all been delivered I personally believe my job with Burns-Anderson is now largely complete.”

Sage Financial managing director Frank Gorrie will take over the running of Burns-Anderson in addition to his current responsibilities.

Peter Coleman, previously finance director at Burns-Anderson, has been appointed group chief financial officer and will join the boards of all group subsidiaries.

Money Portal CEO Richard Craven says: “Money Portal has now achieved the scale objectives targeted and these organisational changes pave the way for a period of intense activity as we strive to achieve our aspirations in terms of changing the face of financial distribution and the way it is remunerated.”

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