## IG Group’s Chief Executive Officer Resigns Due to Health Concerns
IG Group, a firm specializing in financial trading, has revealed that its Chief Executive Officer, June Felix, is resigning due to health-related matters.
Felix, who took a medical leave of absence in July, has consented to relinquish her roles as CEO and company director, effective immediately. She will formally depart the company on September 29th.
The company has initiated a search for a new CEO and anticipates appointing a permanent successor in the upcoming months. In the interim, Charlie Rozes will continue in his roles as temporary CEO and Chief Financial Officer.
IG Group Chairman Mike McTighe expressed that the company has witnessed progress under Felix’s leadership.
“We extend our well wishes for a swift recovery to June,” he stated. “We are grateful for her contributions over the past eight years as a board member, and particularly the last five years as CEO.”
“During her tenure as CEO, the company successfully implemented a diversified business strategy, bolstering its core over-the-counter trading operations. This resulted in a doubling of group revenue and earnings during that period.”
Felix held the position of CEO for a period of five years.
Felix was named the chief executive officer in October of 2018, having previously worked as a non-executive director starting in September of 2015. She has previously held high-ranking positions at Verizon, IBM, and Citigroup.
“It has been an honor to develop and lead such a skilled and ambitious team over the past nearly five years as the head of IG Group,” Felix stated. “It is through everyone’s combined efforts that we have built a stronger and more diverse company. For this, I would like to express my gratitude to my executive team, all colleagues, and the IG Group board for providing me with a memorable experience.”
IG Group declared in July that its net profit for the fiscal year 2023 decreased compared to the previous year, despite record income.
Total income for the 12 months concluding on May 31 was £1.02 billion (€1.18 billion/$1.32 billion), an increase of 5% from the prior year. This marks the fourth consecutive year that IG Group has established a revenue record, and it is the first time that its income has surpassed £1 billion.
Income growth was driven by a substantial increase in interest income, which skyrocketed to €80.8 million from £800,000 in fiscal year 2022. IG Group attributed this to rising market interest rates.
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