Hargreaves founder tells incoming CEO to ditch advice plans

'The idea is rubbish'

clock • 1 min read

Peter Hargreaves, co-founder of Hargreaves Lansdown, has offered some scathing advice on how his former company should be run by the new boss, after clashes on strategy with the outgoing post holder.

Hargreaves, who remains the DIY investment platform's biggest shareholder with a 20% stake, has previously branded exiting chief Chris Hill "completely and utterly useless". He has now urged Dan Olley, who was named yesterday (8 November) as Hill's replacement, to ditch plans spearheaded by his predecessor to build an advice business within the online broker as "rubbish", The Times reports. Hargreaves Lansdown focusing on 'cost control' amid mixed results Olley, who has been a non-executive on Hargreaves's board since 2019, will replace Hill next year. The plans in question invo...

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