PIC CEO to retire

Written by Adam Cadle

12/02/2025

Pension Insurance Corporation (PIC) CEO, Tracy Blackwell, has informed the board of her intention to retire, having served almost 20 years with the company.

The board will now proceed with a formal search for a successor, considering internal and external candidates. Blackwell will support the board in ensuring an orderly transition.

David Weymouth, PIC’s chairman, said: “The board would like to thank Tracy for her leadership of the company. Tracy has had a long and distinguished career at PIC, and in the wider insurance and pension industry, and we are very grateful for her significant contribution, which was most recently recognised by her award of a CBE. She will leave PIC in a strong position as it enters the next phase of its growth.”

Blackwell added: “It has been a privilege to work at, and lead, PIC. I never imagined, when we started the business nearly 20 years ago, that the company would grow into the market leader it is today. I am so proud of what we have achieved together, and it has only been possible because of the dedication, commitment and talent of the people at PIC. I look forward to watching the business continue to grow.”

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