BusinessCompany NewsReed confirms Standard Life departure

Reed confirms Standard Life departure

Reed to move on from life insurer in October having achieved IPO

It was confirmed today that Alison Reed will be leaving FTSE 100 life insurer
Standard Life in October.

Reed played a key role in the succesful £4.7bn flotation of Standard Life in
the summer. She is believed to have been hired specifically for the IPO of the
former mutual.

Bloomberg reports that Reed will leave the company in October. The
newswire said that if a permanent replacement is not found by the beginning of
November an interim FD will be hired.

According to a Standard Life spokesman, Standard Life will begin an
‘extensive search’ for Reed’s replacement.

‘It is a very significant role. We will make sure the appointment is the
right one for Standard Life,’ the spokesman was quoted as saying.

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