Challenger Financial Services Group (Challenger) has announced that its chief executive and managing director, Mike Tilley, will leave the group at the end of this month, with the group’s deputy chief executive and managing director, Dominic Stevens, to take Tilley’s place on September 1.
Tilley has held the position since 2004. Both the company and Tilley said his mandate as chief executive had been successfully filled, and that “the board has been considering the right structure for the next phase of the company’s development”.
Tilley has been asked by the Challenger board to be available to consult to the company in the future.
