Bridgepoint Share News (BPT)

(Sharecast News) - Asset manager Bridgepoint Group has announced that founder and chair William Jackson is to step down from the board this summer.

Jackson, who will continue to chair Bridgepoint's private equity business, said it was a "good time" to transition to an independent non-executive chair following the company's stock-market debut in 2021.

The board has unanimously agreed to appoint Tim Score, currently chair of British Land, as Jackson's replacement, with the succession happening on 1 July. He will be retiring from the real estate investment trust at the same time, after five years in the role.

"Tim takes over as chair with the business enjoying tremendous momentum which I'm looking forward to continuing to support as chair of our private equity business," Jackson said.

Score was the former deputy chair and director at Person, a non-executive director at HM Treasury and previously worked as CFO for ARM Holdings for 13 years. He is currently chair of the national cricket charity Chance to Shine, a non-executive director at the Football Association and sits on the board of trustees of the Royal National Theatre.

In April, the company also announced a switch-up of its chief financial officer position, with Ruth Prior, the CFO of former Bridgepoint portfolio company Element Materials Technology, replacing Adam Jones, who is to step down later this year.