A “narrowing of the role” has seen Jupiter Fund Management CFO Philip Johnson announce his resignation.
Johnson is due to leave the asset manager in May 2016, after more than six years in the role. Recently, the board has been beefing up its executive committee, with appointments of heads looking after HR, fund operations, distribution and IT. As the new roles narrow the remit of Johnson, his departure has been set.
Jupiter listed on the London Stock Exchange during his tenure, where £220m was raised to pay off debt – which valued the firm at £755m in 2010. Its current market cap is £2.15bn, according to the LSE.
“The board and I are hugely grateful to Philip for his contribution since joining Jupiter in 2009,” said Maarten Slendebroek, CEO of Jupiter.
“He has played an instrumental role before, during and after our IPO in supporting Jupiter’s success. We are grateful that he has agreed to remain with us until May to ensure a smooth transition and we wish him the very best for the future.”
Johnson said that while he was looking forward to his next challenge, he could “look back with pride”: “The business is in an excellent position and I wish it every success going forward.”