Jupiter Fund Management CFO Philip Johnson steps down

Jupiter Fund Management’s chief financial officer Philip Johnson will step down due to a narrowing of the role as the company makes several promotions to its executive committee.

The asset manager said the promotions involve those responsible for fund operations, human resources and investment operations.

“An important priority for the board is the continued delivery of Jupiter's organic growth strategy and how that is best achieved. The strengthening and deepening of the senior management team is key to that success and the board has today made a number of promotions to the executive committee,” the company said.

Johnson will stay on until the end of May 2016 when the board seeks to identify a new CFO.

Chief executive Maarten Slendebroek said: “Jupiter is a growing business and as such, now needs the key functions of fund operations, HR and investment operations represented directly on the executive committee. This structure will ensure the business continues to be best positioned for its future development.”

At 1300 GMT, Jupiter shares were down 0.1% at 471.90p.