After eight years at Redington, and more than five as Chief Executive Officer, Mitesh Sheth has decided to step down from his role at the end of 2021.
Since taking over as CEO in 2016, Mitesh and the leadership team have successfully transitioned Redington from a founder-led start-up to a management-led, private equity backed business advising over £600bn of assets, taken the business into new channels and markets, and grown the company from 79 to over 200 employees. Mitesh has decided that now is the right time to step down from his role to explore other opportunities.
A search for a new CEO is well underway and, in the meantime, Zoe Taylor will be stepping into an Interim CEO role, supported by the rest of the leadership team and Chair, Kathryn Purves. Zoe has worked closely with Mitesh, setting and driving the strategy and long-term vision for the firm, since joining in 2017, and most recently in her role as Deputy CEO since January 2021. Over recent months, Mitesh has been working with the leadership team and the Board to ensure a seamless transition with minimal disruption.
Mitesh’s inclusive leadership, focus on culture, strategic thinking, as well as his commitment to people and clients have contributed meaningfully to the growth of Redington. The Board is grateful to him for guiding the business through its private equity fund raise, navigating the challenges of the COVID pandemic, and establishing a strong and diverse platform for the next phase of the company’s growth.
Commenting on the announcement, Kathryn Purves, Redington Chair, said: “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.”
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 learn 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 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.”