Martin Stead, Nutmeg's current chief revenue officer, is being promoted to CEO whilst Nick Hungerford, who cofounded Nutmeg in 2011 will take the role of non-executive director.
Online investment startup Nutmeg has named a new CEO, weeks after reports that the board was looking to replace the company's founder. Nick Hungerford, who cofounded Nutmeg in 2011 and has been CEO since the start, is stepping aside to take the role of non-executive director. Martin Stead, Nutmeg's current chief revenue officer, is being promoted to CEO. Stead joined Nutmeg last November from EDF Energy, where he was marketing, sales, and digital director. He sat on the energy giant's Executive Board Supply & Services business and was responsible for a team of 130 people, according to his LinkedIn profile.
http://uk.businessinsider.com/nick-hungerford-out-as-ceo-of-nutmeg-martin-stead-steps-up-2016-5
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