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HomeNews & MediaPress releasesDirectorate Change – Stephanie Bruce to step down as Chief Financial Officer of abrdn plc

Directorate Change – Stephanie Bruce to step down as Chief Financial Officer of abrdn plc

09 March 2023

abrdn plc ("abrdn" or "the Group") announces that, in line with the succession planning process announced on 23 December 2022, Stephanie Bruce has agreed with the Board of abrdn that she will not seek re-election at the Company's Annual General Meeting on 10 May 2023 and that Stephanie will step down as Chief Financial Officer and as a Director of abrdn at the conclusion of that meeting. Stephanie will remain with the Group until 31 December 2023 to support an orderly transition and an announcement regarding her successor will be made in due course.

Sir Douglas Flint, Chairman of abrdn, said:

"On behalf of the Board I would like to thank Stephanie for everything she has achieved at abrdn over the last four years. This has been a period of major transformation and she has contributed significantly to that journey, leading the communication of our financial performance while ensuring that the Group maintained and reinforced its strong capital position. She leaves in due course with our best wishes as she builds her career outside the Group". 

Stephanie Bruce, said:

 "I am immensely proud that during my time at abrdn, despite the backdrop of significant external headwinds, we have strengthened the balance sheet, invested in scale and capabilities, returned significant capital to shareholders and, with the commitment and determination of so many colleagues, focused relentlessly on our clients and our shareholders. Today the Group is in a stronger position to build on these foundations with a more diversified profile for its next phase of growth".

Enquiries:

Media

Andrea Ward
+44 (0) 7876 178 696

Institutional Equity Investors

Catherine Nash
+44 (0) 7798 518 657

Group Secretariat

Paul McKenna
+44 (0) 7736 853 801

Notes

This announcement is made pursuant to Listing Rule 9.6.11.

Stephanie's exit remuneration terms will be set under the Company's Directors' Remuneration Policy as approved by shareholders at the 2020 AGM. A more detailed RNS outlining them will be issued when she steps down from the Board.