The group will appoint a non-executive chairman in due course, and Kershaw will continue working with Concerto on a part-time consultancy basis.
CEO at Concerto Group Teresa-Anne Dunleavy said: "Mike stepping down as chair of the Group has been a long time in the planning. When the shareholders initiated a change programme over two years ago it was agreed then that the group would appoint a non-executive chairman. Mike wholly supports this strategy and agreed to continue as chairman on an interim basis, and now is the right time to move towards an external appointment."
Kershaw said: "The change process we embarked on has seen the company grow from strength to strength. What I see today is a vastly improved business with a great future ahead. It has always been my intention to step back once the process of change was well underway and to create headroom for a new non-executive chairman. I feel now is the right time to look to the next chapter and am genuinely excited about what lies ahead for Concerto and for me personally."
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