UPDATE 1-Innovation Group CEO leaves company

* Non-exec chairman to assume role of exec chairman

* Still sees FY adj pretax profit in line with market view

* Shares down 2 pct (Adds details)

Nov 10 (Reuters) - British software firm Innovation Group Plc (TIG.L) said on Tuesday Chief Executive Hassan Sadiq left the company.

Andy Roberts, currently non-executive chairman, will assume the role of executive chairman until a new chief executive is appointed, the company said.

Sadiq had been with the company since 2001.

Innovation, which provides outsourcing services to the insurance industry, reiterated that it expected full-year adjusted pretax profit to be in line with market view and that net cash would be substantially ahead of expectations.

The company had recently rejected an unsolicited approach from EXL Service Holdings Inc regarding a possible cash offer of 16 pence per share.

Innovation's shares were down 2 percent at 12 pence at 1339 GMT on Tuesday on the London Stock Exchange. (Reporting by Purwa Naveen Raman in Bangalore; Editing by Vinu Pilakkott)