(Alliance News) - IG Group Holdings PLC on Tuesday said June Felix has stepped down as chief executive officer due to "her health situation".
The London-based, contracts-for-difference trading platform said Felix will step down as CEO immediately and leave the company on September 29. Felix has been on medical leave since the start of July. She has served as CEO since October 2018, having been a non-executive director since 2015.
The board has appointed headhunters Russell Reynolds to undertake the search for a new permanent CEO and expects to find one in the coming months. In the meantime, Chief Financial Officer Charlie Rozes will continue as acting CEO. Rozes has been CFO since May 2020 and became acting CEO as well back in July.
Chair Mike McTighe said on Monday: "We thank [Felix] for the significant contribution she has made over the past eight years as a board member and especially as group CEO for almost five years. During her tenure as CEO, the company has successfully pursued a strategy to diversify the business while at the same time strengthening its core [over-the-counter] business, resulting in a doubling of the group's revenue and profit over the period."
IG Group confirmed it will provide a trading update for its financial first quarter on September 14.
Shares were up 1.4% at 676.00 pence early Tuesday in London.
By Tom Waite, Alliance News editor
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