Brokerage firm IG Group has announced that CEO June Felix is leaving her post for health reasons.
June Felix has agreed with the Board of Directors that she will step down as CEO of the company effective September 29 due to her health. Felix has been on medical leave since the beginning of July.
In Felix's absence, her duties have been assumed by Chief Financial Officer Charlie Rozes, who will continue to lead IG Group until the Board appoints a new CEO in the coming months, Reuters reported.
June Felix has led the company since 2018. She was a Non-Executive Director of IG from 2015 to 2018. Under her leadership, IG Group reached £1 billion in annual revenue for the first time. In addition, the company entered the U.S. market with the acquisition of trading platform Delicioustrade in 2021.
"We thank her for the significant contribution she has made as a member of the Board over the past eight years and, in particular, as CEO for nearly five years. During her tenure as CEO, the company successfully implemented a strategy to diversify its business while strengthening its core OTC business, resulting in a doubling of IG Group's revenues and earnings over this period," said Chairman Mike McTighe.
"It has been an honor to build and lead such a talented and ambitious group of people as CEO of IG Group for nearly five years. Through everyone's collective efforts, we have built a stronger and more diverse company. I thank my management team, all my colleagues, and the IG Group leadership team for an unforgettable time," June Felix said of her departure.
