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Permanent role for Tenet interim chief Greenwood

Tenet has appointed interim chief executive Martin Greenwood to the new role of executive chairman, which will see him take on the duties of outgoing chairman Lord Robin Hodgson and former chief executive Simon Hudson.

The management restructure also sees TenetConnect and TenetSelect managing director Mike O’Brien appointed to the newly created role of group brands director.

Hudson stepped down in August and Money Marketing revealed in November that he had bought IFA Oakleaf Independent Financial Services.

Following Hudson’s exit, Tenet non-executive director Greenwood was appointed interim chief executive. Tenet said Greenwood would not be appointed as Hudson’s permanent replacement but the firm says he has since reconsidered his position.

Tenet distribution and development director Keith Richards says: “As Tenet has continued its focus on building the business, Martin felt keen to stay involved and to take on the role on a long- term basis.”

Greenwood says: “The board extends its thanks to Robin for his time, energy and advice while chairman and wishes him well in his endeavours. Mike O’Brien has been with the group for nearly two and a half years and his appointment to the group board is well deserved.”

Tenet says it plans to appoint two new independent non-executive directors in the near future.

PMI Independent Financial Advisers director John Stewart says: “I think that it is a good move to appoint someone like Greenwood who has in-depth knowledge and experience of both the industry and the firm.”

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.

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