Directorate Update

RNS Number : 8331O

Aberdeen Standard Asia Focus PLC

03 June 2020

 

ABERDEEN STANDARD ASIA FOCUS PLC (the "Company")

Legal Entity Identifier (LEI): 5493000FBZP1J92OQY70

3 June 2020

Directorate Update

Appointment of Krishna Shanmuganathan and Retirement of Philip Yea

The Board of Aberdeen Standard Asia Focus PLC is pleased to announce the appointment of Mr Krishna Shanmuganathan   as an independent non-executive Director of the Company with effect from 3 June 2020.

Nigel Cayzer, Chairman, commented:

"On behalf of the Board I am delighted to welcome Krish to the Board.  Krish brings significant strategic, Asia-focused experience to the Board.  He founded Scylax Partners in 2016 and prior to that was managing partner at Hakluyt & Company (Asia), a risk advisory company, having established and led the Asia Pacific offices of the firm, based in Singapore.  Before that Krish held research and analyst roles at Fidelity International and Cambridge Associates after a successful and varied career in the Foreign & Commonwealth Office.  He holds a number of other non-executive appointments including being on the advisory board of Serendipity Capital, chairman of the trustees of St Jude India ChildCare Centres UK and a trustee of Solefield School Educational Trust.

Following his recent appointment as Chairman of Mondi plc, and after six years on the Board, Philip Yea has decided to retire from the Company's Board at the next Annual General Meeting, to be held in December 2020.  I would like to take this opportunity to thank him very much, on behalf of both the Board and shareholders, for his significant contribution as a Director since his appointment in 2014 and latterly for his expert guidance as Audit Committee Chairman. 

With effect from the conclusion of the December 2020 Annual General Meeting Ms Debby Guthrie will become Chair of the Audit Committee."

In accordance with Listing Rule 9.6.13 (1):

Mr Shanmuganathan is not currently a director of any publicly listed companies and has not in the last five years been a director of any publicly listed companies.

Mr Shanmuganathan does not have a beneficial interest in any Ordinary shares of the Company.

In relation to Mr Shanmuganathan's appointment, there is no additional information required to be disclosed in accordance with Listing Rules 9.6.13 (2) - (6).

For further information, please contact:

Charles Mearns

Aberdeen Asset Management PLC

Secretaries

Tel. [phone]

 

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