Mattioli Woods directors step down from board

Alan Fergusson

Two directors at Leicester-based wealth management firm Mattioli Woods have stepped down from its board.

Mattioli Woods told the London Stock Exchange this morning (15 August) that the pair have stepped down from its board of directors as part of a “streamlining move” designed to “eliminate duplication and overlap” between the company’s board and senior executive team.

A statement from the company said: “In connection with the announced changes to the company’s corporate governance, Alan Fergusson and Mark Smith have resigned from the board of directors of Mattioli Woods with immediate effect.”

Mattioli Woods said the pair will remain members of the senior executive management team, SETGo, and continue in their respective roles as managing director of employee benefits and chief operating officer.

Ian Mattioli, chief executive officer said: “I would like to thank Alan and Mark for their valuable contribution to the Board and I know the senior management team will continue to benefit from their expertise.”

The Company’s board will now comprise Joanne Lake, independent non-executive chairman; Ian Mattioli MBE, co-founder and chief executive officer; Murray Smith, group managing director; Nathan Imlach, chief finance officer; and Anne Gunther and Carol Duncumb, both independent non-executive directors.

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