Electronic trading major IG Group Holdings plc (LON:IGG) today provided an update on IG Group Chairman succession.

Mike McTighe has informed the Board of his intention to step down as Chairman by the end of 2025. He has served in this role since his appointment in February 2020.

Mike McTighe commented:

“It has been a great honour and privilege to lead the Board over the past five years. I am grateful for the trust and support I have received from colleagues. With solid foundations laid for stronger growth, I am confident that under Breon Corcoran’s leadership, IG will go from strength to strength.”

The process for appointing a successor is underway.

Mr McTighe has a wealth of leadership, board and regulatory experience from both public and private companies. He is the Chairman of Openreach Limited and Together Financial Services Limited. He was also appointed to chair the Telegraph Media Group Limited in March 2024 and to chair the Men’s Professional Rugby Board in November 2024.

For over 20 years he has held various non-executive director roles in a range of regulated and unregulated industries whilst also spending eight years on the board of Ofcom and one year on the board of Postcomm.

Mr McTighe has held many chairships over the years, including chairing several UK and US public company boards.

He spent most of his executive career at Cable and Wireless, Philips, Motorola and GE.

Mike McTighe holds a BSc(Eng) honours degree in Electrical Engineering.