Jupiter Fund Management chair announces his retirement

(Sharecast News) - Jupiter Fund Management announced on Thursday that David Cruickshank, chair of the board, intended to retire later this year. The FTSE 250 company said he would remain in post until a successor was appointed, but would not seek re-election at the 2026 annual general meeting.

Its board said it had initiated a formal search for a new chair, which would be led by senior independent director Suzy Neubert as part of the nomination committee's succession planning.

"It has been a privilege to act as chair for Jupiter, to lead the board, and to support Matt and his leadership team with the progress they have made towards our strategic objectives," said David Cruickshank.

Suzy Neubert, senior independent director, said that under Cruickshank's leadership, the company had made "significant strategic progress", adding that the board was focussed on appointing a successor who could continue to build on that momentum.

At 1119 BST, shares in Jupiter Fund Management were up 0.69% at 72.9p.

Reporting by Josh White for Sharecast.com.