Standard Chartered PLC Directorate Change (1560A)
December 18 2014 - 4:30AM
UK Regulatory
TIDMSTAN
RNS Number : 1560A
Standard Chartered PLC
18 December 2014
Issued 18 December 2014
Standard Chartered PLC announces Board changes
The Board of Directors (the "Board") of Standard Chartered PLC
(the "Company") today announces the following changes to its
Board.
After more than six years on the Board, it is with regret that,
for personal reasons, John Paynter, independent Non-Executive
Director, has decided to step down from the Board with effect from
31 December 2014. Mr Paynter was appointed to the Board on 1
October 2008 and is a member of both the Audit Committee and
Remuneration Committee.
Plans are in place to appoint at least one independent
Non-Executive Director with banking experience in the new year.
Pending finalisation of that appointment, and in view of John's
departure, Oliver Stocken has agreed to remain on the Board for a
short period to support the smooth transition of the Board's
composition.
A further announcement will be made in relation to the
appointment of new independent Non-Executive Directors and the date
of Oliver's departure in due course.
Sir John Peace, Chairman of the Board, said: "I would like to
thank John Paynter for his highly valuable contribution and
commitment to the Board over the last six years."
For further information please contact:
James Hopkinson, Head of Investor Relations
Tel: +44 20 7885 7151
James.Hopkinson@sc.com
Simon Kutner, Head of External Communications, Financial &
Corporate
Tel: +44 20 7885 8696
Simon.kutner@sc.com
Notes to Editors
Standard Chartered
We are a leading international banking group, with more than
86,000 employees and a 150-year history in some of the world's most
dynamic markets. We bank the people and companies driving
investment, trade and the creation of wealth across Asia, Africa
and the Middle East, where we earn around 90 per cent of our income
and profits. Our heritage and values are expressed in our brand
promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong
Stock Exchanges as well as the Bombay and National Stock Exchanges
in India.
For more information please visit www.sc.com. Hear from Standard
Chartered's experts and comment on our blog at ourviews.sc.com.
Follow Standard Chartered on Twitter, LinkedIn and Facebook.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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