Directorate Change

RNS Number : 1770D

Standard Life plc

04 July 2016

 

Standard Life plc

Board Change

The Board of Standard Life plc ('Standard Life') announces that John Devine has been appointed as a Non-Executive Director with effect from 4 July 2016.

Commenting on his appointment, Sir Gerry Grimstone, Chairman of Standard Life, said:

"I am delighted that John has agreed to join our Board.  His experience and background in operations and technology as well as his board experience make him an ideal addition as we continue to build a world class investment company".

At the same time as he joins the Board of Standard Life, John Devine will be appointed as a member of the Remuneration Committee and the Risk and Capital Committee.

John Devine has been a director of Standard Life Investments (Holdings) Limited since September 2012 and its Chairman since April 2015.

Following this appointment, the Board of Standard Life will comprise four executive directors, seven non-executive directors and the Chairman.  The Board will be made up of three women and nine men.  The Financial Conduct Authority and the Prudential Regulation Authority have been notified of this appointment.  John Devine's other appointments are listed below and no other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

4 July 2016

Enquiries:

Media: Steve Hartley	[phone]* [phone]
Institutional Equity Investors: Jakub Rosochowski	[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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Notes to Editors

John Devine

Non-Executive Director's Fee

John Devine's fee as a Non-Executive Director of Standard Life will be £73,500 per annum.

Interest in shares

As at the date of his appointment John Devine holds 1,321 shares in Standard Life plc.

Biographical details:
Nationality:	British
Education/Qualifications:	Preston Polytechnic, BA Hons Geography (1981) Member of the Chartered Institute of Public Finance and Accounting (1985)
Other Non-Executive Appointments:
2015 - Present	GE Capital International Holdings Non-Executive Director and Audit Committee Chairman
2014 - Present	Euroclear plc and Euroclear Bank Non-Executive Director
2013 - Present	Citco Custody Limited Non-Executive Director and Audit Committee Chairman
Previous Non-Executive and Advisory Roles: 2011 - 2014 2006 - 2013 2008 - 2013	Chairman Alquity Investment Management Limited Non-Executive Director of Omgeo Limited Advisor to Asset Management faculty at CASS Business School and visiting lecturer on EMBA program
Career summary:
2008 - 2010	Threadneedle Asset Management Limited Chief Operating Officer
1998 - 2008	Merrill Lynch and Co Inc Various roles including: SVP head of Global Operations and Technology (London), MD and FVP Global CFO Global Markets and Investment Banking (New York) Senior MD - CFO International (London) FVP - CFO Global Operations and Technology (New York)

 

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