Insurance company Personal Group has announced its CFO, Mike Dugdale, has confirmed his intention to retire on 30 September 2020.
Sarah Mace, the group financial controller and company Secretary, will be appointed as interim CFO on 30 September 2020.
He also held the position of group financial controller at Guardian Royal Exchange.
Mark Winlow, chairman, said: “We have enjoyed the benefit of Mike’s broad experience for over seven years which has seen him contribute across a wide range of our activities. As well as establishing a very capable finance function, Mike has been at the vanguard of acquiring Innecto and Let’s Connect and provided a strong link with our investors.
“As chairman, I have benefitted from his contribution as a board director where he has provided guidance and challenge in addition to his executive responsibilities. I wish Mike well in his retirement.”
He added: ”I am particularly pleased that we have such a strong internal candidate in Sarah, who can step into the interim CFO role at this particularly challenging time.”