Henderson's CEO Yates to stand down

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Henderson Group chief executive Roger Yates has announced he will stand down in November with head o...

Henderson Group chief executive Roger Yates has announced he will stand down in November with head of equities Andrew Formica set to take on the role. Yates said: “I am pleased to announce the board has chosen as my successor Andrew Formica, currently head of equities. Having worked with Andrew for a number of years, I know he is the right person to take Henderson forward.” Elsewhere, the group’s pre-tax profits before non-recurring items is reported as £50.8m for the six months to 30 June 2008, down on the same period last year, when it was £60.5m. It said the decline was due to debt...

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