Watchstone Group Plc announced that Indro Mukerjee will resign from the Board after completing his planned work at the end of this year, the company confirms that Stefan Borson, Group General Counsel & Company Secretary, will succeed him as Group Chief Executive Officer. Upon appointment, Stefan, who has worked with the Group for almost three years, will also continue his existing responsibilities, ensuring continuity on all legal and regulatory matters. The company also intends to reduce the size of its Board as of January 2018 to comprise Richard Rose, Non-executive Chairman; Stefan Borson as Group Chief Executive Officer (who will join the Board on Indro's departure); Mark Williams, Group Finance Director; and two further non-executive directors.

Two of the current non-executive directors will resign at the end of the year.