Legal & General Group PLC (LSE:LGEN) has said its CEO, Sir Nigel Wilson, is to step down after over a decade at the helm.
Wilson joined Legal & General Group in 2009 as chief financial officer and was appointed chief executive in 2012.
He will remain as CEO until a successor has been found, the company noted, a process which has now begun with L&G considering internal and external candidates.
The FTSE 100 listed insurer said the process will take around a year.
L&G’s chair Sir John Kingman said Wilson was a “world-class leader who has worked with great passion and energy.”
“Under his stewardship, the group has consistently delivered profitable, sustainable and inclusive growth. Nigel has been a tireless champion for investment-led growth and responsible investment," he added.
Wilson commented: “It has been an honour and privilege to serve as chief executive of Legal & General over the past decade.”