Directorate Change

RNS Number : 4189F

Standard Life plc

20 February 2015

 



Standard Life plc

Board and Committee Changes

Standard Life plc ('the Company') announces that David Grigson will retire from the Board of the Company at the conclusion of the Annual General Meeting to be held on 12 May 2015. David has been a non-executive director of the Company since November 2009 and during that time he has served as Chairman of the Audit Committee and as a member of the Risk and Capital Committee and the Nomination and Governance Committee.

Commenting on David's retirement, Sir Gerry Grimstone, Chairman, said:

"I would like to thank David Grigson for his excellent service to Standard Life during a period of great change and development for the Group.  In particular he has been a highly effective Chairman of the Audit Committee and our discussions benefitted from his strong contribution".

Following this change, the Board of Standard Life plc will comprise three executive directors, eight non-executive directors and the Chairman.  The Board will be made up of three women and nine men.

The Company also announces changes to the Chairs of the Audit Committee and the Risk and Capital Committee.  Kevin Parry will become Chairman of the Audit Committee following David Grigson's retirement.  Kevin joined the Board in October 2014 and is a qualified chartered accountant and an experienced chief financial officer.  Martin Pike will succeed Noel Harwerth who will stand down as Chairman of the Risk and Capital Committee after three years, and will remain on the Board.  Martin has been a member of the Board and the Risk and Capital Committee since September 2013 and is a qualified actuary, experienced in financial services.

20 February 2015

Enquiries:

Media Enquiries Steve Hartley	[phone]* [phone]
Group Secretariat Paul McKenna	[phone]*

*  Calls may be monitored and/or recorded to protect both you and us and help with our training.  Call charges will vary.

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