IT's been more than five months since the FTSE- 100 investment platform Hargreaves Lansdown named Dan Olley (right) as its new chief executive amid pressure from founderturned activist Peter Hargreaves.

He still hasn't turned up though. Insiders say that Tesco, where Olley runs the data consulting arm Dunnhumby, is keeping him to the letter of his 12-month notice period unless it finds a successor who can start earlier, according to insiders.

A spokesperson for HL said it was "looking forward to Dan joining as CEO and will announce his start date as soon as possible".

It's far from ideal for Hargreaves Lansdown given its co-founder's vocal criticism of the company's strategy and performance.

With a sizeable stake, Hargreaves is destined to continue being a thorn in its leadership's side.

Tesco's stance must be particularly aggravating for Deanna Oppenheimer, the company's chairman. After all, she spent years on the board of Britain's biggest retailer. Every little doesn't always help, it seems.

(c) 2023 City A.M., source Newspaper