Hargreaves Lansdown chief Dan Olley to leave after two-year stint

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Hargreaves Lansdown is the largest investment site in the United Kingdom less than two years after his head, after seizing the stock of 5.4 billion pounds.

The company said that Dan Olly, who held the higher position in August 2023, would hand over control on a temporary basis for Richard Flynt, former CEO of Sky Betting and Gaming, taking into account organizational approval.

This year, Flint was appointed as an independent non-executive director of Hargreaves Lansdown and made the Chairman of the Transformation Committee-a consulting body that oversees the improvement of business, including digital services.

Hargreaves Lansdown said that olly will remain in the stage for three months and be available to the company for another two months after that, to ensure a smooth transition. “

A person close to the situation said that Ulli told his colleagues in a memo that he could not adhere to five years or more for personal reasons.

This step comes just two months after completing a consortium from private stock companies including CVC Capital Partners, Nordic Capital, and Abu Dhabi Investment Atlement, its acquisition of Hargreaves Lansdown for 11.40 pounds of the stock in cash.

Peter Hargrevs, who participated in the founding of the works in 1981 of his reserve bedroom with Stephen Lansdoun, sold half his share in the deal to keep about 10 percent.

The company, which flew in 2007, rapidly grew by granting individuals access to money, as well as stocks and stocks. But it faced intense competition in recent years of competitors, including AJ Bell, the interactive investor and shares, decreased from the peak of 24 pounds in 2019 to less than 10 pounds in early 2024, following the reform of technology costly under previous management.

Hargreaves Lansdown has re -focused its efforts to improve its technology during the Oldi era, who said it was “incredibly proud” of the progress made by the company in “focusing on providing an improved digital experience”.

A person familiar with the situation said that the Flint experience in the gambling sector has given him an understanding of work with weak customers and the process of transferring the business digitally. He is also the head of the BUTTERNUT BOX company, a digital dining company.

president Bruce Heimville said that Flint “has a depth of experience in driving digital companies by transforming as well as operating companies in the regulatory markets.”