Income Insurance Chief Executive Andrew Yeo will step down at the end of 2026 after leading the company for seven years, The Straits Times reported.

Yeo informed the board of his decision but agreed to remain in the role until Dec. 31 to assist with an orderly transition while a successor is identified, board chairman Lim Sim Seng said in an email to staff.

Yeo was appointed chief executive on June 1, 2019, having previously served as executive vice-president and general manager of the firm's life and health business.