UK direct-to-investor investment and online trading firm Hargreaves Lansdown PLC (LON:HL) today announces Board changes.

Philip Johnson has informed the Board of his intention to step down from his position as Chief Financial Officer for personal reasons.

As a result, the Board will now commence a search process to identify and appoint a successor. Philip Johnson will work with Chris Hill, Chief Executive Officer, and the Board to ensure an orderly transition.

Chris Hill, CEO of Hargreaves Lansdown, said:

“I would like to thank Philip Johnson for his contribution as Chief Financial Officer and his leadership of our Service functions. Philip has been a highly valued member of the management team and Board and has played an instrumental role in helping the company perform strongly through these unprecedented times. While I am sad that he is going, I respect his decision and look forward to working together as the search for his successor begins. We all wish Philip every success for the future.”

Mr Johnson was appointed to the Board of Hargreaves Lansdown in April 2017. He is an experienced financial services CFO. He has a wealth of experience in capital management, risk and controls and has a good track record in strategic operational execution.

Philip Johnson was previously CFO of Jupiter Fund Management plc for seven years and prior to that Group Finance Director of M&G Limited for over five years. He qualified as a chartered accountant with Coopers & Lybrand.