Joint chief executive of Standard Life Aberdeen (SLA) Martin Gilbert has indicated his intention to retire from the role after 36 years leading his firm, with chairman Douglas Flint soon set to appoint a replacement, according to reports.
It comes just a year-and-a-half after the Standard Life-Aberdeen Asset Management merger, in the wake of which SLA has seen its share price fall by as much as 45%. Institutional investors have been putting pressure on the firm to replace the current co-CEO structure, which Gilbert (pictured) currently shares with Keith Skeoch, with a single CEO. The Mail reports that Gilbert told the World Economic Forum in Davos conference: "I am getting on. I am already the second-oldest chief executive [of a British blue-chip company] as well as the longest-serving." Gilbert went on to blame SLA...
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