Robert B. Holmes, No. 2 man at Great Western Financial, Beverly Hills, is resigning after less than a year in his present job, the company announced Monday.
Holmes, president and chief operating officer of the giant financial services company, is leaving because "I would like to have one more chance to run a company on my own," he said in a statement.
He had been president and chief executive of Miami-based Aristar, a consumer finance and life insurance company that Great Western acquired three years ago for $165 million. Holmes stayed on with Great Western and was named president and chief operating officer last October.
The 54-year-old Holmes was promoted to take some of the workload off James Montgomery, Great Western's chairman and chief executive. However, Holmes had never been considered Montgomery's heir apparent because the two men are about the same age.