Hargreaves Lansdown Names Dan Olley as New CEO

Hargreaves Lansdown plc (LON: HL) has named Dan Olley as the new Chief Executive Officer and Executive Director, who will replace Chris Hill. The appointment came with approval from the company but is now pending regulatory greenlight.

The appointment came after Hill announced his decision to retire last October. Olley will take over the new role next year once “released from current obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term.” Until then, Hill will remain as the CEO and, after that, will associate with the firm until November 2023 to support the transition.

Olley has been a sitting Non-Executive Director at Hargreaves Lansdown since June 2019 and is currently the CEO of London-based Dunnhumby, a customer data science firm.

“Having worked with Dan in a non-executive capacity over the last three years, I have been highly impressed by both his strategic insight and his depth of experience in digital transformation, and, as such, I am delighted that he will be the next CEO of HL,” said Deanna Oppenheimer, the Chair at 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 HL as we continue to deliver on our strategy.”

Bringing Decades of Experience

Olley is an industry veteran with almost three decades of experience. Currently, he is also a member of the Industrial Advisory Board at the Imperial College London.

Before Dunnhumby, he spent more than 17 years at RELX, a provider of information-based analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, in multiple executive roles. He started his career in 1994 at WPP and later joined IBM. In addition, he was the Chief Technology Officer at GMAC for more than a couple of years.

“This is a company with an exceptional track record, a strong strategic position, and a formidable brand,” Olley said, commenting on his appointment at Hargreaves Lansdown. “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.”