Crombie new Standard Life CEO as Lumsden goes

Standard Life has unexpectedly parted company with chief executive Iain Lumsden after less than two years.

Crombie new Standard Life CEO as Lumsden goes
Wed, 14 Jan, 2004 - 14:25

Standard Life has unexpectedly parted company with chief executive Iain Lumsden after less than two years.

Europe's largest mutual insurer, has also announced that it is to raise £750m (€1,085.97m) of new capital and confirmed it was ready to abandon its commitment to mutual ownership.

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