The Scottish National Investment Bank has announced that chief executive Eilidh Mactaggart has resigned from her role.
Sarah Roughead will act as chief executive with immediate effect, while the board initiates a process to find a new, permanent leader.
As the chief financial officer, a statement explained that Roughead is well-positioned to ensure a smooth transition.
Prior to this role, she was at Scottish Equity Partners and brings experience from her background in private equity, venture capital and infrastructure funds.
No further details were given on the reasons for Mactaggart's resignation.
Chair of the board Willie Watt said: “We would like to thank Eilidh for the contribution she has made as we successfully launched the Scottish National Investment Bank.
“Having committed almost £200m since launch, we are in an excellent position to deliver on our objectives, and I am proud of the significant investments we have made so far.
“We have lots more to do and I look forward to continuing the Bank’s missions to support the transition to net zero, extend equality of opportunity and harness innovation to enable the people of Scotland to flourish.”
Mactaggart, 47, joined the bank after 20 years in the financial services sector, on a salary of £235,000.
It emerged last year that she received a £37,375 bonus just months after the bank opened for business in November 2020, with a £2 billion budget over the next 10 years.
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