Electronic trading major IG Group Holdings plc (LON:IGG) announces a directorate change. IG’s Board has today received notice from Jim Newman of his intention to retire as a Non-Executive Director of the Company and Chairman of the Audit Committee. The changes are effective December 30, 2020.

Mr Newman will also retire from his other committee responsibilities on December 30, 2020. Andrew Didham will assume the responsibilities of the role of Chair of the Audit Committee.

Commenting on the changes, Company Chairman Mike McTighe said: “I’d like to thank Jim for his significant contribution to the Board since his appointment in October 2013 and for fulfilling the role of Chairman of the Audit Committee since October 2014 which he has done with considerable dedication, skill and professionalism. We wish him every success for the future. I’d also like to welcome Andrew to his new role as Chair of the Audit Committee.”

A qualified chartered accountant, Jim Newman was Finance Director for Resolution plc. He spent ten years at Aviva, where he was Group Integration Director for the CGU/Norwich Union merger and Finance Director of Norwich Union Life, Aviva’s UK life insurance business. He was formerly the Corporate Development Director for Friends Life Group, where his responsibilities included overseeing the final separation and integration of the UK life business acquired by Resolution plc, as well as the delivery of the overall group change portfolio and strategic corporate development.