An experienced financial adviser has lost an age discrimination case after he was overlooked for a CEO role and told he was "not getting any younger". Managing director David Wylde explained to 58-year-old Paul Rowan he had instead decided to appoint Daniel Tylerman, who was in his mid 40s, because he was "younger and more energetic", an employment tribunal heard.
The panel heard this was despite Mr Rowan being the company's highest-paid employee on £284,000 a year and having worked there for almost 20 years. Mr Rowan was "unhappy" about this, refusing to report to Mr Tyerman and would not attend meetings he called, the tribunal heard.
Later, when the company was struggling financially as the pandemic hit the UK, Mr Wylde decided to cut costs and made Mr Rowan redundant at the age of 59. As a result he made a claim at an employment tribunal for age discrimination and unfair dismissal.
