Standard Life Finance Director Alison Reed will step down next month, the insurer said today.
Standard Life - which listed on the stock market in July, ending eight decades of mutual ownership - had been expected to shake up its senior executive team in the medium term.
Ms Reed was only appointed last year after a 12-month search by the Edinburgh-based life insurer. Joining from retailer Marks & Spencer, she replaced John Hylands, who moved on to lead the project to demutualise Standard Life.
Chairman Brian Stewart said in June he would stand down once it was established as a listed company, while Chief Executive Sandy Crombie (58) has said he plans to retire at 60.