City of London Investment Group Announces CEO Departure
Why we think this is neutral
The RNS announcement is regarding a directorate change, specifically the departure of the CEO. This type of news is not one of the mandatory categories that would require a more detailed analysis. Therefore, the sentiment is assessed as neutral.
Key Points
- CEO Tom Griffith to depart by July 2025
- Planned succession process underway
Summary
The asset management firm announces the upcoming departure of its CEO, with a planned succession process underway.
City of London Investment Group PLC (LSE: CLIG) has announced that Tom Griffith will leave the Board and his role as Chief Executive Officer by July 2025. The Board and the Company are involved in a planned succession process, and further information will be forthcoming.
Key Dates
July 2025
CEO Tom Griffith to depart
GENERAL UPDATE