PROFILE: NIGEL WILSON
IN FOOTBALL they call it the “boot room” tradition and we are seeing the trend at Legal & General.
In naming finance director Nigel Wilson, pictured, as its new boss the FTSE 100 insurer has appointed its chief executive from within for the third consecutive time on the basis it needs stability at a time when world economies are in turmoil.
Wilson was promoted after a “thorough and exhaustive” recruitment process, carried out with the help of an executive search firm, L&G said, and will bring an “evolutionary approach” according to chairman John Stewart.
Tim Breedon, the outgoing chief executive, said he was leaving a “strong platform” on which Wilson could build, adding: “I know that L&G will continue to thrive under his leadership. We have worked together closely as CEO and CFO over the last few years.”
Wilson also brings plenty of experience of City boardrooms, having held senior roles at United Business Media, Halfords and Dixons. He has a PhD from the prestigious Massachusetts Institute of Technology.