(Alliance News) - M&G PLC on Wednesday said John Foley will step down as chief executive officer, a role he has held since 2015.
Foley will remain at the helm until a new CEO has been found, the London-based investment manager explained.
Foley was named CEO in M&G. He had joined former M&G parent Prudential PLC in 2000 as deputy group treasurer.
"He successfully executed the merger of M&G Investments and Prudential UK in 2017 and the subsequent demerger of the group from Prudential PLC in 2019," M&G added.
M&G shares were 0.8% higher at 212.80 pence each in London on Wednesday morning.
By Tom Budszus; tombudszus@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
M&G (MNG)
Prudential (PRU)