M&G plc appoints Andrea Rossi as CEO

M&G plc has appointed Andrea Rossi as its next CEO and executive director.

Rossi will take up his new position on Oct. 10, succeeding John Foley who, in April 2022, announced his intention to retire after seven years in the role. Foley will step down as CEO and executive director on Oct. 10, but will remain at M&G in an advisory capacity until December 2022 in order to ensure an orderly transition.

Most recently, Rossi has been a senior adviser to Boston Consulting Group. He will step down from this role following his appointment at M&G. He is also the co-founder of REsustain, a firm focused on reducing the carbon intensity of commercial property, where he will remain as a non-executive director.

Rossi has a 22-year track record in the global insurance and asset management sectors, mainly through his time at AXA Group. He was CEO of AXA Investment Managers and a member of the group executive committee of AXA Group for six years. Rossi also held senio