Andrew Black has stepped down from his post as chief executive with listed dealer group Plan B.
Black's departure is a result of IOOF Holding's off-market takeover bid for Plan B being unconditional as of yesterday, 27 September.
The role of Plan B chief executive is no longer required, the company said in a statement to the Australian Securities Exchange.
"As a result, Mr Andrew Black will step down as chief executive officer of Plan B as of 7pm (EST) 28 September 2012," the statement said.
"The board of directors thanks Andrew for his contribution to Plan B over the past 12 months and wishes him well in his future endeavours."
