REG - Hargreaves Lansdown - Directorate Change <Origin Href="QuoteRef">HRGV.L</Origin>

Hargreaves LansdownAnnouncement

09/02/2017 14:56

RNS Number : 5236W
Hargreaves Lansdown PLC
09 February 2017
HARGREAVES LANSDOWN PLC
9 February 2017
BOARD CHANGE AT HARGREAVES LANSDOWN PLC(The "Company", "Hargreaves Lansdown")
Further to the announcements on 7 September 2016 and 25 January 2017, Hargreaves Lansdown PLC announces that Ian Gorham has stood down from the position of Chief Executive Officer ("CEO") and from the Board of the Hargreaves Lansdown with effect from 9 February 2017. Ian will remain with the Group until 30th September 2017 to ensure a smooth transition. 
As has been previously announced, Chris Hill, Deputy Chief Executive Officer, will be appointed as CEO following regulatory approval.
For further information please contact:
Danny Cox, Media Relations                      +44 (0) 117 317 1638
James Found, Head of Investor Relations  +44 (0) 117 988 9898
Chris Hill, Deputy Chief Executive Officer
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Notes
Ian Gorham joined Hargreaves Lansdown in 2009 and was appointed to the Board as Chief Executive Officer in 2010.
Hargreaves Lansdown has a shareholder approved policy in respect of Director leaving arrangements which prevents material unusual payments. Mr Gorham's leaving arrangements are in line with this policy and have been approved by the Remuneration Committee. Commensurately the firm expects no material unusual charges to accrue in respect of Mr Gorham's departure.
Mr Gorham's existing conditions of employment will continue in accordance with his current service contract to 30 September 2017. Mr Gorham will be eligible for a reduced pro-rated discretionary bonus for the period 1 July 2016 to 9th February 2017 commensurate with standing down as CEO part way through the year. The Remuneration Committee have classified Mr Gorham as a "good leaver" for the purposes of the firm's Long term Incentive Plan. 

This information is provided by RNS
The company news service from the London Stock Exchange
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