The CEO of IG Group Holdings plc is to leave the company for health reasons.
American June Felix, who has held the role for the last five years, has agreed with the London company’s board that due to her health situation she will step down as a director immediately “and cease employment with effect from 29th September”.
Aged 66, she has been absent for a short period of medical leave.
Felix led IG Group, a spread betting platform, to £1 billion revenue in the last financial year.
IG Group has appointed Russell Reynolds to undertake a comprehensive search process and expects to appoint a permanent CEO in the coming months. In the meantime, Charlie Rozes will continue in his current role as acting CEO and chief financial officer.
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“On behalf of the board, I would like to extend our best wishes to June as she continues her recovery,” said Mike McTighe, chair of IG Group.
“We thank her for the significant contribution she has made over the past eight years as a board member and especially as group CEO for almost five years.
“During her tenure as CEO the company has successfully pursued a strategy to diversify the business while at the same time strengthening its core OTC business resulting in a doubling of the group’s revenue and profit over the period.”
Felix added: “It has been a great privilege to build and lead such a talented, ambitious group of people as the CEO of IG Group for nearly five years. It has been through everyone’s collective effort that we have built a stronger, more diverse company.
“For this, I thank my executive team, all of my colleagues and the board of IG Group for an unforgettable period.”