Jupiter's finance chief Philip Johnson to step down amid shake-up

Joseph Millis
Scenes of India
Jupiter invests across a number of country's including India via its Jupiter India Fund (Source: Getty)

Jupiter Fund Management has announced that chief financial officer Philip Johnson is to step down due to changes to the asset manager’s executive committee.

Johnson, who was part of the team that saw Jupiter float on the London Stock Exchange in June 2010, said it was a privilege to play a role in the company’s transition from a private firm to a FTSE 250 constituent.

The company has made a number of promotions this year, resulting in the "narrowing" of the CFO role, the company said.

Johnson will stay on until 30 May as Jupiter looks for a replacement.

“I am looking forward to my next challenge, but can look back with pride on what has been achieved at Jupiter. The business is in an excellent position and I wish it every success going forward,” he said in a statement.

In September Jupiter promoted Stephen Pearson to the role of chief investment officer. It has made a series of promotions to the executive comm­it­tee, including those responsible for fund operations, HR and investment operations.

Shares closed down 0.38 per cent to 470.60p.

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