Hargreaves Lansdown’s billionaire co-founder will return to the company’s board after more than a decade.
Peter Hargreaves, who set up the investment platform in 1981 alongside Stephen Lansdown, has put himself forward for a non-executive director role at the business.
His son Robert has been nominated for an observer position, which will not have voting rights. Hargreaves, 78, is expected to assume the role within weeks, the FT reported.
His return follows the company’s £5.4bn sale to a group of private equity firms which was agreed last year.
He had previously accused the management team of presiding over a ‘shambles’ with the share price cut in half.
After the takeover, the board resigned, opening the way for the tycoon’s return.
Return: Peter Hargreaves, who set up Hargreaves Lansdown in 1981 alongside Stephen Lansdown, has put himself forward for a non-executive director role at the business
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This article was originally published by a www.dailymail.co.uk . Read the Original article here. .