Management succession

RNS Number : 4521P

Standard Life plc

25 March 2009

 



Standard Life plc

Management succession

The Board of Standard Life plc confirms that in the Chairman's statement to shareholders due to be sent out shortly in Standard Life's Annual Report and Accounts 2008, Gerry Grimstone, Chairman, will make the following comment regarding management succession.

'Sir Sandy Crombie and the Board have agreed that the process of identifying his successor should commence in 2009. There is no fixed timetable and we do not envisage making any further statements about this matter until a successor is confirmed and a timetable for transition is set.'

Sir Sandy Crombie will remain Group Chief Executive until the Board has appointed his successor and an orderly handover process has been completed.

25 March 2009

Enquiries:

Gordon Aitken, Investor Relations:   0131 245 6799

Barry Cameron, Press Office:            0131 245 6165

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