Hargreaves Lansdown PLC Directorate Change (9795U)
November 29 2023 - 2:00AM
UK Regulatory
TIDMHL.
RNS Number : 9795U
Hargreaves Lansdown PLC
29 November 2023
HARGREAVES LANSDOWN PLC (HL): CHAIR SUCCESSION
29 November 2023
The Board of HL is pleased to announce the appointment of Alison
Platt to the role of Chair of the Board and as a Non-Executive
Director of HL, subject to customary regulatory approvals.
Alison will succeed Deanna Oppenheimer, who will be stepping
down from her role as Chair of the Board and a Director of HL at
HL's Annual General Meeting ( AGM) on 8 December 2023. She will
have served as Chair for six years.
Alison is currently Chair of Dechra Pharmaceuticals plc
(Dechra), a specialist veterinary products business which is
currently going through an acquisition by EQT. She is also a
Non-Executive Director of Tesco plc and the Chair of general
insurer, Ageas UK. Alison will join HL's Board in early 2024.
Alison was Chair of L&G Financial Advice from 2019 to 2022
and CEO of Countrywide from 2014 to 2018. Prior to that she held
several senior roles at BUPA, both in the UK and
Internationally.
Following the AGM, during the period to Alison's regulatory
approval as new permanent Chair, the Board has confirmed the
appointment of Penny James as Interim Chair. She is currently the
Senior Independent Director (SID).
Penny will be replaced in this position by Andrea Blance as SID.
These appointments are effective from 8 December 2023 and on the
appointment of the new permanent Chair, each will revert to their
prior Board position. Penny James will chair the HL 2023 AGM.
Having remained on the Board to support with the Chair selection
process, Roger Perkin has informed the Board that he will also not
be standing for re-election at the AGM and will be stepping down
from the HL plc Board on 8 December 2023. Roger has also served on
the Board for six years, including as Chair of the Board Audit
Committee.
As the Company's Notice of the AGM 2023 (the Notice) has already
been issued, the Company confirms that the resolution to re-elect
Deanna Oppenheimer as a Director of the Company (Resolution 7 of
the Notice) is now withdrawn. The resolution to re-elect Roger
Perkin as a Director of the Company (Resolution 10 of the Notice)
is now withdrawn. The withdrawal of Resolution 7 and Resolution 10
does not otherwise affect the validity of the Notice, the proxy
form or any proxy votes already submitted on other resolutions. The
numbering of all other proposed resolutions at the Annual General
Meeting will remain unchanged. Any votes already cast in relation
to Resolution 7 and Resolution 10 are of no effect.
Alison Platt said:
"I am delighted to be joining the HL Board and excited by the
opportunity to work with Dan and the team as HL continues its
critical work in supporting clients to make savings and investment
decisions with confidence. I look forward to working closely with
my new Board colleagues to guide HL's next phase of growth."
Deanna Oppenheimer, Non-Executive Chair, HL plc, said:
"I'm honoured to have overseen the Board during a period of
significant change for the industry and for HL. HL is in a strong
position for growth and has skilled leadership which will ensure
the company's future success. Over the last six years our client
numbers have doubled to 1.8 million and our share of the
direct-to-consumer market has grown significantly from 35% to
42%.
"I'm delighted to hand over to Alison, whose broad and relevant
experience across different sectors will be of great benefit and
support to the HL team as they move forward. I would also like to
thank Roger for his service and dedication to HL and for staying on
over these last few months to support the Chair selection
process."
Dan Olley, Chief Executive Officer said:
"I would like to thank Deanna for her guidance and stewardship
during her tenure as Chair. I look forward to working with Alison
who brings a wealth of experience to the Board."
Alison's appointment follows a comprehensive recruitment process
supported by an external executive search firm. She will join and
chair the Nomination & Governance Committee of the HL plc Board
upon her appointment as Non-Executive Director, subject to
regulatory approval.
Other than the directorships disclosed above, there are no
matters required by paragraphs LR 9.6.13R (1) to (6) of the listing
rules to be disclosed.
For further information please contact:
Hargreaves Lansdown Brunswick
--------------------
James Found, Investor Relations Nick Cosgrove
07970 066 634 +44(0)207 404 5959
--------------------
Danny Cox, Media Relations
07989 672 071
--------------------
BIOGRAPHY
Alison Platt
Alison has extensive leadership experience across both private
and listed companies in the healthcare, financial services, retail
and property, and regulated sectors. She currently holds Chair
positions at Dechra Pharmaceuticals, a FTSE100 specialist
veterinary products business, and insurance company Ageas UK. She
has also been a Non-Executive Director of Tesco Plc since 2016.
Alison was CEO of Countrywide from 2014 - 2018 and prior to that
she held several senior roles at BUPA, including as Managing
Director of its International Development Markets business. She was
previously a Non-executive director of the Foreign and Commonwealth
Office, a member of Hampton-Alexander review steering group
advising on diversity and inclusion and Chair of Opportunity
Now.
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