Direct Line chief steps down after profit warning
Posted On: Jan. 30, 2023 9:25 AM CST![Direct Line](https://bicontent.businessinsurance.com/a275f35c-a1d5-438b-9cc4-852466c2cc23.jpg)
U.K.-based insurer Direct Line Insurance Group PLC's chief executive Penny James is stepping down with immediate effect, shortly after a surprise profit warning, Proactive Investors reported. Direct Line has commenced its search for a new successor, while appointing Jon Greenwood, current chief commercial officer, as the acting chief.