Stephen Lansdown has stepped down as executive director of Hargreaves Lansdown.
Lansdown, who founded the firm with Peter Hargreaves in 1981, will continue as non-executive director.
He says: “Over the course of the year my role has been to focus on challenging the Board, to ensure it operates efficiently and profitably. I feel this is a role more suited to a non-executive and have, therefore, stepped down from my executive directorships. This will also allow me to concentrate on other interests.” (article continues below)
Hargreaves Lansdown has also appointed two new directors, with Chris Barling becoming an independent non-executive director. Deputy chief executive Ian Gorham was also appointed as executive director.
Gorham will be appointed chief executive of Hargreaves Lansdown from September 2, following Peter Hargreaves’ decision to step down.