Abrdn makes interim CEO Windsor permanent boss

VaselineSeptember 10, 2024

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Abrdn makes interim CEO Windsor permanent boss

Abrdn said on Tuesday that interim chief executive Jason Windsor would continue as the asset manager’s permanent chief executive, succeeding Stephen Bird.

The Edinburgh-based investment firm said Windsor’s salary from Tuesday will be £800,000 a year, although his appointment remains subject to regulatory approval.

Windsor left housebuilder Persimmon ( PSN ) to join abrdn as chief financial officer last October. He assumed the role of interim chief executive in May.

This followed the resignation of Stephen Bird, who stepped down after four years as chief executive to allow the company to pursue a “strategic repositioning” to become a specialist asset manager under new management.

“I am delighted that Jason has emerged from a very thorough process as the board’s unanimous choice to lead abrdn in its next phase,” said company president Douglas Flint.

“He has made a huge impression both internally and externally since joining Abrdn, particularly as someone whose actions demonstrate that he cares deeply about our clients and customers and our people.”

Abrdn said a search is now underway to find a permanent replacement for Ian Jenkins, who will continue as interim CFO for the time being.

Abrdn shares were down 0.3% at £1.47 each in London on Tuesday morning.

By Elijah Dale, Alliance News reporter