PG Mutual Chief Executive Officer, Mike Perry to Retire after 11 years’ service.
12 November 2021
PG Mutual, the Income Protection specialist friendly society, has today announced that its CEO, Mike Perry, has informed the Board of his intention to retire in December 2022, after 11 years in post.
The process to find a new CEO has already commenced and PG is working closely with specialist search firm Fletcher Jones to ensure a thorough and rigorous search and selection process.
Mike joined the Society in 2011 after more than 20 years in financial services. Under his leadership the Society rebranded from Pharmaceutical & General Provident Society to PG Mutual and has seen its online proposition develop and broaden to meet the ever-changing needs of its members. PG’s membership has increased by 68% and its assets have grown from around £29m in 2011 to £48m in October 2021.
Mike Perry, Chief Executive Officer, said:
“I have been extremely proud to serve as Chief Executive of PG Mutual since 2011. The rebrand from Pharmaceutical & General enabled PG Mutual to widen its target audience and as a result we are now widely recognised as a specialist provider of Income Protection for healthcare professionals. We have streamlined and automated our operations to enable existing and new members to interact with us quickly and easily, but we have been careful to ensure that members are always able to talk to our team directly when they need or wish to. That human touch is a vital part of our mutual values. Being able to offer Income Protection with the added benefit of profit-share has proved to be a successful formula and I am sure this will continue in the future. The success seen over the last 10 years is a credit to everyone at PG Mutual and I am so grateful to have had the opportunity to be the CEO of a mutual with such a proud tradition of excellent member service stretching back to 1928.”
Simon Whale, Chairman of the Board, said:
“Mike has been an excellent leader for PG Mutual. He has piloted our strategy of providing a high-quality income protection product with profit-share to a growing range of professionals in healthcare and beyond, always underpinned by first-class service from our great team. Under his leadership, PG has transformed itself and has seen good growth while maintaining the highest standard of service for our members. We will be sorry to see Mike leave us at the end of next year and we will wish him the very best in his retirement. PG is in a strong position so we will look forward to continued success in 2023 and beyond under his successor.”