REG - abrdn PLC - Directorate Change - Group CEO Appointment

AberdeenAnnouncement

10/09/2024 07:00

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RNS Number : 5023D  abrdn PLC  10 September 2024

abrdn plc

 

abrdn appoints Jason Windsor as Group CEO

 

Jason Windsor, previously Group Chief Financial Officer and currently Interim
Group Chief Executive Officer, has today been appointed as Group Chief
Executive Officer ("CEO") of abrdn plc ("abrdn" or "the Group"), subject to
regulatory approval.

 

On 24 May 2024, abrdn announced the commencement of the process of moving to
fresh leadership, following the strategic repositioning of the company to a
specialist asset manager, and a digitally-focused wealth manager.

 

A formal succession process was initiated at that time, supported by an
external search firm, which resulted in the Board considering a number of
candidates for the role, both internal and external, in line with the Group's
long term succession planning.

 

Sir Douglas Flint, Chairman of abrdn, said:

 

"I am delighted that Jason emerged from what was a very thorough process as
the unanimous choice of the Board to lead abrdn in its next phase.  He has
made a huge impression both internally and externally since he joined abrdn,
particularly as someone whose actions evidence he cares deeply about our
clients and customers and our people.  I very much look forward to working
with him as our new CEO."

 

Jason Windsor, said:

 

"I am honoured to have been chosen to lead abrdn.  I see significant headroom
in each of our three core businesses, with the potential to generate a
step-change in performance for our clients and customers, and for our
shareholders.

 

My job now is to work with the talented team at abrdn to realise this
opportunity and to build a more efficient, growing business with a culture
that sustains long-term success."

 

Ian Jenkins will continue in the role of abrdn's Interim Group Chief Financial
Officer.  A search process for a permanent appointment into the Group Chief
Financial Officer role will now be commenced.

 

Information regarding the compensation arrangements for Jason Windsor are set
out in the Appendix and follow the Remuneration Policy approved by
shareholders at the 2024 Annual General Meeting.

 

 

10 September 2024

 

Enquiries:

 

 Media

 Sarah Moody                     +44 (0) 7721 679 892

 Duncan Young                    +44 (0) 7920 868 865

 Institutional Equity Investors

 Duncan Heath                    +44 (0) 207 156 2495

 Group Secretariat

 Iain Jones                      +44 (0) 7944 203 003

 

Notes

This announcement is made pursuant to Listing Rule 9.6.11.

 

This announcement contains inside information. The person responsible for
making this announcement on behalf of the Group is Iain Jones (Group Company
Secretary).

 

LEI number of abrdn plc: 0TMBS544NMO7GLCE7H90

 

Classification: 3.1. Additional regulated information required to be disclosed
under the laws of the United Kingdom.

 

Notes to Editors

 

 

Jason Windsor's Biography

 

Jason is a highly experienced executive and brings demonstrated public company
expertise and significant knowledge of the financial services industry from
over a decade within the Aviva Group, latterly as Group Chief Financial
Officer.  Prior to that, he served as Chief Financial Officer of Aviva's UK
Insurance businesses, Chief Capital & Investments Officer and a Director
on the Board of Aviva Investors. Jason joined Aviva in 2010 as Group Strategy
and M&A Director, following a 15-year career at Morgan Stanley in London
and Singapore, where he was most latterly Managing Director within its
Investment Banking Division advising financial sector clients.

 

Jason holds a B.A. (Hons) from Oxford University, with a Part II thesis in
Atmospheric Chemistry.

 

Jason is an executive director of abrdn and does not currently hold any
non-executive director appointments. He is a Governor of Felsted School in
Essex.

 

Jason joined abrdn as Group Chief Financial Officer in October 2023 from
Persimmon plc, where he served as Chief Financial Officer.  Jason was
appointed as Interim Chief Executive Officer of abrdn in May 2024.

 

 

Jason Windsor's Remuneration

 

Jason's remuneration package has been structured in accordance with the
Remuneration Policy approved by abrdn shareholders at the 2023 AGM.

 

Jason's salary with effect from 10 September 2024, has been set at £800,000
per annum. All other elements of remuneration are in line with the
shareholder-approved Directors' Remuneration Policy.

 

Full disclosure of Jason's remuneration arrangements will be provided in the
Directors' Remuneration Report in abrdn's Annual Report and Accounts 2024.

 

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