Legal & General (L&G) has named group chief financial officer Nigel Wilson as its new chief executive, replacing the outgoing Tim Breedon, who departs from the role next month.
Wilson, who joined L&G as CFO in September 2009, will be group chief executive designate with immediate effect and will formally succeed Breedon from 30 June. Breedon (pictured) is set to remain an employee of the company until 31 December in an advisory role. Meanwhile, Wadham Downing, the group's financial controller, will act as interim group CFO until a permanent successor is appointed.
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