Directorate Change

RNS Number : 8650H

abrdn PLC

06 August 2021

 

abrdn plc

Directorate changes

The Board of abrdn plc announces that Hannah Grove will be appointed as a Non-Executive Director on 1 September 2021 and that Melanie Gee, taking account of her recent appointment as chair of Grosvenor Britain and Ireland, will stand down from the Board at the conclusion of her second three-year term of appointment on 31 October 2021.

Hannah brings more than 20 years of experience operating in a global financial institution in leadership positions in marketing and communications.  Prior to her retirement in November 2020, she served as Chief Marketing Officer (CMO) for State Street, responsible for teams delivering brand, reputation, business and product marketing, social media, digital marketing and client experience.  Before becoming CMO, Hannah served as SVP and head of Global Corporate Communications for State Street, with responsibility for media relations, employee and executive communications.  As CMO, she was a member of State Street's Management Committee, at the time its senior-most strategy and policymaking team.  During her career at State Street, Hannah served on the Company's Business Conduct and Risk and Conduct Standards Committees, co-chaired its Talent Council charged with senior executive promotions and led a number of employee networks and diversity initiatives. She also served as a board member for State Street Hangzhou, its China legal entity.

Once Melanie has stood down, Hannah will succeed her as the Board Employee Engagement designated NED and she will be appointed a member of the Nomination and Governance Committee.

Commenting on these changes, Sir Douglas Flint, Chairman of abrdn plc, said:

"On behalf of the Board and the whole company, I would like to take this opportunity to thank Melanie for her outstanding service to the Board, recognising she will be with us for another three months.  During her tenure on the Board, she has played a key part in the Board's discussions of transactions which delivered fundamental change to the structure and future direction of the Group.  In particular, Melanie was our first Board Employee Engagement designated NED and her enthusiasm for and commitment to that role has made sure that our employee engagement processes and output deliver their objectives.  We wish Melanie the very best when she moves forward to the next stage of her career.

I am very pleased to welcome Hannah to our Board.  Her direct experience across brand, client experience, business and digital marketing and communications strategies will be of great value to our discussions".

Following these changes, the Board will comprise two executive directors, eight non-executive directors and the Chairman.  The Board will be made up of five women and six men.  The Financial Conduct Authority and the Prudential Regulation Authority have been notified of these changes .  Hannah'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.

6 August 2021

Enquiries:

Media Andrea Ward	[phone]
Institutional Equity Investors Catherine Nash	[phone]
Group Secretariat Paul McKenna	[phone]

LEI number of abrdn plc: 0TMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of the United Kingdom.

END

Notes to Editors

Hannah Grove

Non-Executive Director's Fee

Hannah's fee as a Non-Executive Director of abrdn plc will be £73,500 per annum.  Her fee as the designated Board Employee Engagement NED will be £15,000 and her fee as a member of the Nomination and Governance Committee will be £10,000.

Interest in shares

As at the date of her appointment, Hannah does not hold any shares   in abrdn plc.

Biographical details:
Nationality:		UK and American
Executive Career summary:
1998 - 2020 2020- June 2021 2008 - 2020 2002 - 2008 1998 - 2002		State Street Senior Adviser EVP & Chief Marketing Officer and Member, Management Committee SVP, Head of Global Corporate Communications Various Public Relation and Communications Roles
Other Roles 2019 - Current 2020 - current 2020 - current 2021		Boston Public Library Fund Board member Women's Business Collaborative Advisory Board member Reboot Advisory Board member Project Bread Advisory Council Member

 

END

 

 

BOAKZGGRLVRGMZG