30th Nov 2015 11:57
LONDON (Alliance News) - Jupiter Fund Management PLC on Monday said that Philip Johnson is to step down as its chief financial officer due to a narrowing of the role amid broader changes to the asset manager's executive committee.
Johnson, who was part of the team that saw Jupiter float on the London Stock Exchange in June 2010, said it was a privilege to play a role in the company's transition from a private firm to a FTSE 250 constituent. He will stay on until May 30 as Jupiter looks for a new chief financial officer.
"I am looking forward to my next challenge, but can look back with pride on what has been achieved at Jupiter. The business is in an excellent position and I wish it every success going forward," Johnson said in a statement.
Jupiter said it has made a number of promotions to the executive committee, including those responsible for fund operations, human resources, and investment operations.
"This structure will ensure the business continues to be best positioned for its future development," Chief Executive Maarten Slendebroek said in a statement.
Shares in Jupiter were down 0.5% at 470.00 pence on Monday.
By Samuel Agini; [email protected]; @samuelagini
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