Gorham steps down
Hargreaves chief exec Gorham to step down
In announcement this morning Hargreaves revealed Gorham (pictured) will step down as chief executive no later than 30 September 2017. It is intended that Chris Hill, currently group chief financial officer, will take over as chief executive.
Gorham said: ‘I believe the group is in excellent hands and that shareholders and clients shall be best served by new zest being applied to the Group's activities. Now is the correct time for natural succession, as we look forward to an exciting future’.
By the end of September next year Gorham will have been Hargreaves chief for seven years.
Aged 44, Gorham joined Hargreaves in September 2009 as chief operating officer after six years at Grant Thornton where he was head of financial services.
He took over as chief executive from the Bristol-based broker's founder Peter Hargreaves in September 2010.
Gorham added: 'Now is the correct time for natural succession, as we look forward to an exciting future. I am proud of our collective achievements and would like to thank our clients, my colleagues and all those that have contributed to Hargreaves Lansdown'samazing story so far for their support. '
Hill, 45, joined Hargreaves in February 2016 as chief financial officer from IG Group. He will become deputy chief executive from 1 October 2016.
Hill said: 'I look forward to working with our clients, colleagues and shareholders to build on the exceptional accomplishments of this group to date.’