Standard Life FD role still vacant as Reed prepares to depart

is yet to secure a new financial director, a matter of hours before the
position becomes vacant.

Today, the FTSE 100
company’s board announced that its outgoing FD Alison Reed had officially
resigned before stepping down as an executive director tomorrow (31 October).

It said, ‘Further to the announcement by the Company on 25 September 2006
regarding the decision of Alison Reed, Group Finance Director, to step down as a
director with effect from 31 October 2006, the Board announces that Ms Reed has
now resigned.’

The financial department of the insurance giant will be without a chief, but
a number of prominent figures have been linked to the prestigious role.
Recently, industry watchers touted former
Scottish Power FD David Nish as a
frontrunner, but Standard Life would only say that the company had started an
‘extensive search’ for Reed’s successor: ‘It is a very significant role. We will
make sure the appointment is the right one for Standard Life.’

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