Hargreaves Lansdown’s search for a successor to Chris Hill is at an end, with board member Dan Olley chosen to replace the retiring chief executive in the new year.
Subject to regulatory approval, Olley (pictured) will take the reins once he has stepped down as CEO of data science company Dunnhumby, a role he has only held since January.
Prior to that he spent 17 years at analytics company Relx, during which time he was CIO and then CTO.
Olley has been a non-executive director at Hargreaves Lansdown since June 2019, and sits on the industrial advisory board at Imperial College London.
Chris Hill, who signalled his intention to retire in October after six years at the helm, will remain in place as CEO until Olley joins. Hargreaves Lansdown confirmed that he will stay with the company until November 2023 to ensure an orderly transition.
Chair Deanna Oppenheimer has worked with Olley on the firm’s board for more than three years and said that she was highly impressed by both his strategic insight and his depth of experience in digital transformation.
“I am delighted that he will be the next CEO of Hargreaves Lansdown. His strong transformation leadership across complex scale businesses and experience of driving growth and client engagement through digital change is a great match for Hargreaves Lansdown as we continue to deliver on our strategy. We very much look forward to working together with Dan in this new capacity when he joins us next year.”
Olley said: “This is a company with an exceptional track record, a strong strategic position, and a formidable brand. I am tremendously excited at the opportunity to lead the business through its digital transformation and into its next stage of growth. Having joined the board in 2019, I have a deep understanding and passion for the business. […] I look forward to building on the work of Chris and the team to drive even more value for our clients and to capitalise on the opportunities ahead.”