Redington CEO Mitesh Sheth has decided to step down at the end of 2021 after five years in the role.
Mitesh and the leadership team have transitioned Redington from a founder-led start-up to a management-led, private equity-backed business advising over £600 billion in assets since taking over as CEO. The team expanded the company from 79 to over 200 employees by expanding into new channels and markets.
Deputy CEO Zoe Taylor will serve as Interim CEO, aided by the leadership team and chair Kathryn Purves. Taylor has worked closely with Mitesh since 2017, setting and driving the firm’s strategy and long-term vision.
According to the board, Mitesh’s inclusive leadership, emphasis on culture, strategic thinking, and commitment to people and clients have contributed significantly to Redington’s growth. They also thank him for guiding the company through its private equity fundraise, navigating the challenges of the covid pandemic, and establishing a strong and diverse platform for its next phase of growth.
Mitesh said: “This has, of course, been a difficult decision to make, but it is the right time for me to step down from my role as Redington CEO. I would like to say an enormous thank you to all at Redington for their hard work, care, commitment to learning and willingness to change during my leadership. I am so proud of the business we’ve built, the inclusive culture we’ve fostered and the impact that we have had on our clients and the wider industry. I’m delighted to be leaving the business in a great place, following the successful delivery of our business plan in 2021 and with an exciting strategy ahead, and I look forward to celebrating its successes in the future.”
Redington chair Kathryn Purves says: “On behalf of the board, I would like to thank Mitesh for his hard work, personal commitment and dedication to Redington over the past eight years, in particular for his leadership of the firm as CEO since 2016. We wish him well and every success for the future.”
