Scottish Widows group chief executive Mike Ross is being groomed to take over as the new Scottish Financial Enterprise chairman after being named as its new deputy.
He is picking up the newly created position of deputy chairman with the expectation that he will take over from present chairman Sir John Shaw next year.
Fifty-two-year-old Ross joined the SFE board in December 1997.
SFE chairman Sir John Shaw says: "We are very pleased that Mike has agreed to accept the position. His counsel and contribution will be invaluable in changing and quite turbulent times, for finance globally and here at home."