Directorate Change

RNS Number : 9275Y

Schroders PLC

08 March 2012

 



Schroders plc

8 March 2012

Board changes

Schroders plc announces the following changes to the Board and the responsibilities of Directors with effect from the conclusion of the Annual General Meeting on 3 May 2012.

Michael Miles will step down as Chairman and retire from the Board. Andrew Beeson will succeed Michael Miles as Chairman.

Michael Miles joined the Board and was appointed Chairman on 1 January 2003. During his tenure of more than nine years Schroders has enjoyed significant growth. The Board would like to thank him for his leadership and contribution to this success during a period of turbulence in financial markets and extends its best wishes to him for the future.

Andrew Beeson joined the Board in October 2004 and is currently the Senior Independent Director, chairman of the Remuneration Committee and a member of the Audit and Risk Committee and of the Nominations Committee. On appointment he will become chairman of the Nominations Committee and give up his other Committee roles.

Luc Bertrand will succeed Mr Beeson as Senior Independent Director and Lord Howard will succeed Mr Beeson as chairman of the Remuneration Committee of which Lord Howard is already a member.  Ashley Almanza will join the Remuneration Committee and Lord Howard will join the Audit and Risk Committee.

Alan Brown will step down from the Board and from his executive responsibilities as Chief Investment Officer.  Mr Brown joined the Board in July 2005. He will remain with the Company as a Senior Adviser working with some of our largest clients.

For further information, please contact:

Graham Staples                                                          [phone]

Company Secretary

Schroders plc

 

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