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PPF chief exec Partha Dasgupta to stand down

Pension Protection Fund chief executive Partha Dasgupta has announced that he will leave the role in June 2009.

Dasgupta says it’s now time for a new challenge, but he will look back with “enormous pride and satisfaction” at what the PPF has achieved in a short space of time.

He says: “It has been a great privilege to lead this organisation with its exceptionally talented and committed people. It has also been a privilege to have helped shape the UK’s pension protection regime that is now delivering real security in retirement for 12 million pension scheme members.

“The PPF has been an excellent platform for me to test myself. I feel that after four and a half years the time is right for me to broaden my skills, knowledge and experience through a new challenge.”

PPF chairman Lawrence Churchill says: “Partha has made an outstanding contribution to establishing and developing the Pension Protection Fund to the strong position it commands today.

“It has been a great pleasure to work with such a talented individual whose grasp of a wide variety of complex issues has been second to none. I look forward to continuing to work closely with Partha who, I’m sure, will make a great contribution to whatever role he chooses next.”

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