Wilmington (LSE:WIL) has said chief financial officer Guy Millward intends to retire after six years with the group. He will stay in post until a successor is appointed, and the board has begun a search.

What was announced

Wilmington plc, the London Stock Exchange main market-listed governance, risk and compliance (GRC) RegTech services group, announced on 29 October 2026 that Guy Millward, its chief financial officer, has notified the group of his intention to retire. The company flagged the announcement as containing inside information under UK MAR.

No departure date has been set. Wilmington said Mr Millward will remain in post until a successor has been appointed in order to ensure an orderly transition, and his final date will be confirmed at that point. The board has begun a process to identify his successor. Because Mr Millward is staying until that process concludes, the announcement does not create a gap in the finance function, and the group has not named an interim CFO or indicated that one will be needed. The announcement gives no further detail on the search, such as whether internal and external candidates are being considered, and does not state a notice period.

The company said there are no further details requiring disclosure under UK Listing Rule 6.4.

Tenure and record

Mr Millward has served six years with the group. The announcement does not set out his earlier career history or other roles.

Chair Gordon Hurst credited Mr Millward and chief executive Mark Milner with transforming Wilmington during that period from a fragmented multi-media group into a "tightly focussed GRC RegTech business services group". Mr Hurst said that over the same period the group had maintained compound annual growth of 13% in adjusted profit before tax. That is the only financial figure in the announcement; no absolute profit numbers, trading update or guidance were given. The announcement also does not specify the start and end points used for the 13% growth calculation beyond describing it as covering the period of Mr Millward's tenure.

"On behalf of the Board, I would like to thank Guy for his considerable contribution over the last six years," Mr Hurst said. The announcement does not include comment from Mr Millward or Mr Milner.

About Wilmington

Wilmington provides regulatory learning and training, regulation intelligence and data capabilities to customers across health, safety and environment (including ESG), legal, data privacy and financial services. According to the company, it employs more than 1,100 people and sells into around 120 countries.

The six-year tenure described in the announcement covers the period in which the group narrowed its focus to the GRC market. The chair's comments attribute that shift to the joint work of the chief executive and the CFO, which makes the transition in the finance role a point of continuity interest for the business, even though no change to strategy has been signalled.

What to watch next

The main item to watch is the appointment of Mr Millward's successor, together with confirmation of his departure date and any handover arrangements. Wilmington has said these will be confirmed once a successor is found, and any appointment would be expected to be accompanied by the usual regulatory disclosures about the incoming director. In the meantime, Mr Millward remains chief financial officer, so there is no immediate change to the board.

The announcement makes no reference to current trading or to the group's outlook, and investors looking for an update on performance will need to wait for the company's next scheduled trading statement or results. Media enquiries are being handled by Meare Consulting.