(Alliance News) - Standard Life Aberdeen PLC on Tuesday said that following the receipt of regulatory approvals, Stephen Bird has taken over as chief executive effective immediately.
The FTSE 100-listed asset manager added that Keith Skeoch has therefore resigned from the board.
The change in the Standard Life Aberdeen's leadership was first announced in June when the company said Bird would succeed Skeoch as group chief executive as part of a "wide-ranging succession planning exercise". Bird most recently served as CEO of the Global Consumer Banking division at Citigroup, a role he held since 2015.
Skeoch was CEO at Standard Life for five years and director for 14 years. He will serve out the remainder of his contract as non-executive chair of the Aberdeen Standard Investments Research Institute.
Shares in Standard Life Aberdeen were trading 2.4% lower at 231.60 pence each on Tuesday morning in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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