Health Issues Lead IG Group CEO to Resignation

The CEO of IG Group will be stepping down on a permanent basis following a period of “medical leave” from the company. June Felix, who took on the role of chief executive in 2018, informed shareholders in July that she would be on a brief leave. Recently, the company announced her departure due to health reasons. She will also immediately resign from her position as a director and will leave the company entirely by September 29.

During the time Ms. Felix took a step back last month, Charlie Rozes assumed the role of acting chief executive. He will continue in this capacity and will also maintain his position as chief financial officer.

IG Group has enlisted Russell Reynolds to oversee the process of selecting a new CEO, with the expectation that this appointment will occur “in the coming months.”

Mike McTighe, the chair of IG, expressed well wishes for Ms. Felix’s recovery and acknowledged her substantial contributions over the past eight years as a board member and especially as the group CEO for nearly five years. Under her leadership, the company effectively pursued a strategy to diversify its business while strengthening its core over-the-counter (OTC) trading business, resulting in a twofold increase in both revenue and profit over the stated period.

In the previous month, IG reported that robust trading in the United States played a key role in surpassing £1 billion in annual revenues for the first time. The company also announced a dividend increase and a share buyback program.

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