Tim Breedon, CEO of insurance group Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.
Breedon, also chairman of the Association of British Insurers, took up his current post in 2006. "It has been an absolute privilege to lead Legal & General, but by the end of 2012 I will have completed 25 years service with the company and will have been CEO for seven years," he said. "With the company in excellent shape I feel that next year will be the right time to retire from the company." L&G said the process to appoint Breedon's successor will begin shortly.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
