U.K. Pensions Regulator CEO to leave in February

Lesley Titcomb, CEO of the U.K. Pensions Regulator, will leave at the end of her tenure in February 2019, a spokeswoman said.

Ms. Titcomb's replacement is not yet known, the spokeswoman added. "The recruitment process is only just starting, so a replacement has not been found yet. And the recruitment process could include internal and external candidates," she said. The selected executive needs approval from the U.K. secretary of state for work and pensions.

"We respect her decision, but will be very sorry to lose (Ms. Titcomb). She has been a real catalyst for change, working with energy and drive to get results and make a difference to the way we work. She has strengthened our leadership team and will continue, over the coming months, to implement TPR Future, the change program she and I instigated together, which is already making us a more effective regulator," said Mark Boyle, chairman of the board at the The Pensions Regulator, in a news release.

Ms. Titcomb is exiting the pensions industry to pursue personal endeavors and interests.