By Sean Farrell
Date: Monday 11 Jan 2021
LONDON (ShareCast) - (Sharecast News) - M&G Chairman Mike Evans is taking time off from the fund manager to recover from a stress-related illness with immediate effect.
The FTSE 100 company said Evans's leave of absence was temporary and did not say how long it would last. Evans was appointed as M&G's chairman in October 2018 and oversaw the company's demerger from Prudential a year later.
M&G said Fiona Clutterbuck would chair the company while Evans is away and that fellow non-executive director Clare Thomson would take on Clutterbuck's role of senior independent director. Clutterbuck, who chairs Paragon Banking Group, joined M&G's board in October.
Companies are paying more attention to the stress levels of their senior employees as part of a more general understanding of mental health issues. Lloyds Banking Group's CEO Antonio Horta-Osorio was forced to take eight weeks off and spend time at the Priory clinic in 2011 with stress and extreme fatigue.
"The board of M&G plc announces that Mike Evans is taking a temporary leave of absence from his duties as chair of M&G plc due to a stress-related illness," M&G said. The company's shares fell 1% to 196.45p at 14:28 GMT.
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Currency | UK Pounds |
Share Price | 200.50p |
Change Today | -1.40p |
% Change | -0.69 % |
52 Week High | 238.80 |
52 Week Low | 183.05 |
Volume | 4,411,565 |
Shares Issued | 2,380.25m |
Market Cap | £4,772.41m |
RiskGrade | 186 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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2nd Interim | Interim | |
Ex-Div | 28-Mar-24 | 28-Sep-23 |
Paid | 09-May-24 | 03-Nov-23 |
Amount | 13.20p | 6.50p |
Time | Volume / Share Price |
16:35 | 28,958 @ 200.50p |
16:35 | 1,912,804 @ 200.50p |
16:35 | 1,968 @ 200.50p |
16:35 | 4,025 @ 200.50p |
16:35 | 1,726 @ 200.50p |
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