Ian Livingston, chairman of the Man Group plc, has informed the Board of his intention to step down from the role on 31 December 2019, being the end of the Company's current financial year.
John Cryan, an independent non-executive director of the Company, has been appointed as chairman of Man Group plc, effective from 1 January 2020.
Richard Berliand, who, as senior independent director, is responsible for leading the planned succession process, said: "Cryan has deep financial and regulatory experience gained at leading organisations and is the right cultural fit to chair the Board. He has strong credibility both within the business and with all our key stakeholders. He is therefore the unanimous choice of the Committee and the Board."
Going forward, Cryan will chair the Board's Nomination Committee, and will step down from the Audit and Risk Committee, both with effect from 1 January 2020. John is independent on appointment.