Wilson, who has been with the company since September 2009 as group chief financial officer and a member of the board, will be group chief executive designate with immediate effect and will step into the new role on the 30 June.
L&G said after handing over the role, Breedon will remain with the company until 31 December “undertaking an important advisory role on key activities including working on and lobbying for an appropriate outcome on Solvency II”.
Meanwhile, L&G said it is has begun to look for a permanent successor to Wilson’s previous role as group chief financial officer and that its current group financial controller Wadham Downing will fulfil this role in the interim.
