Chief executive of Just Group Rodney Cook has decided to step down from the role after nine years with the equity release and pension provider.
Cook will stay with Just until June 30 to ensure transition, but plans to retire after that point.
Both internal and external candidates will considered for the position as Just begins a search for Cook’s successor.
Current deputy chief executive David Richardson will be serving as chief executive on an interim basis until then.
Richardson was formerly chief financial officer of Partnership Assurance Group before its merger with Just Retirement Group to form Just in 2015.
He is also currently acting as Just chief financial officer on an interim basis while the firm recruits for that position, and will continue to fill that role during the chief executive transition period.
Just chairman Chris Gibson-Smith says: “I would like to thank Rodney personally and on behalf of the board for his leadership of the group over the last nine years. He has led the group through a period of significant change, including the pension freedom budget, the merger and subsequent integration of Just Retirement and Partnership, and most recently during the regulatory consultation process. Rodney’s leadership has transformed the group and I wish him the very best for the future.
“I would also like to express the board’s gratitude to David for stepping into the role of interim group chief executive. Given David’s extensive experience with the group, the board is confident that with the support of the executive management team he can manage both roles during the transitional period.”