Last checked at 8 Dec 2022 08:00
08 December 2022
Hargreaves Lansdown plc ("HL" or the "Company")
CEO succession
The Board is pleased to announce the appointment of Dan Olley as Chief Executive Officer and Executive Director of the Company once released from current obligations in 2023, and subject to regulatory approval.
Dan will succeed Chris Hill, who announced on 17 October 2022 his intention to retire after six years in the role. Until Dan joins, and as previously announced, Chris will remain in place as Chief Executive Officer and thereafter will support HL until November 2023 to provide continuity and ensure an orderly transition.
Dan is a globally renowned technology leader, having delivered transformational change and growth, including scaling platform businesses internationally. He brings cutting-edge strategic, digital and operational expertise and is uniquely placed to lead the ongoing execution of HL's strategy, given his non-executive director role on the Board since June 2019.
Dan will step down from his current role as CEO at dunnhumby, a global customer data science company, where he has been leading the development and implementation of a digital-first, data-driven transformation. Prior to dunnhumby, Dan spent seventeen years at RELX where he held a series of senior digital roles and helped drive RELX's digital transformation into the world-leading global information analytics company it is today.
Deanna Oppenheimer, HL Chair, said: "Having worked with Dan in a non-executive capacity over the last three years, I have been highly impressed by both his strategic insight and his depth of experience in digital transformation and, as such, I am delighted that he will be the next CEO of HL. His strong transformation leadership across complex scale businesses and experience of driving growth and client engagement through digital change is a great match for HL as we continue to deliver on our strategy. We very much look forward to working together with Dan in this new capacity when he joins us next year."
Dan Olley said: "I am delighted to be joining HL as its next CEO. This is a company with an exceptional track record, a strong strategic position and a formidable brand. I am tremendously excited at the opportunity to lead the business through its digital transformation and into its next stage of growth. Having joined the Board in 2019, I have a deep understanding and passion for the business. HL has a clear purpose, highly talented people and an obsession for client service. I look forward to building on the work of Chris and the team to drive even more value for our clients and to capitalise on the opportunities ahead."
There is no additional information required to be disclosed under Listing Rule 9.6.13.
Enquiries:
Hargreaves Lansdown plc
James Found +(0) 7970 066 634
Danny Cox +(0) 7989 672 071
Nick Cosgrove/ Caroline Daniel, Brunswick Group +(0) 207 404 5959
ENDS