Legal & General CEO Nigel Wilson to Retire

By Ian Walker

Legal & General Group PLC said Monday that Chief Executive Nigel Wilson plans to retire from the board after 10 years in the role, and that it will start the search for his replacement.

The FTSE 100-listed insurance company said Mr. Wilson joined the group in 2009 as chief financial officer and was appointed CEO in 2012. He will remain in the role until a replacement has been found and to support a smooth transition following their appointment, which is expected to take around a year.

Mr. Wilson is credited with boosting shareholder returns by more than 600% since he joined the company, driven by significant growth in dividends, earnings per share and return on equity.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

January 30, 2023 02:37 ET (07:37 GMT)

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