Directorate Change

RNS Number : 3171G

Schroders PLC

01 March 2018

 

Schroders plc

1 March 2018

Directorate Change

Lord Howard of Penrith, having served on the Board for more than nine years, will step down from the Board at the conclusion of the 2018 Annual General Meeting on 26 April 2018.

Ian King will succeed Philip Howard as Senior Independent Director. Mr King has been an independent non-executive Director of the Company since January 2017. He is a member of the Nominations Committee and was appointed as a member of the Remuneration Committee in July 2017.

Nichola Pease, who joined the Board as an independent non-executive Director in September 2012, will succeed Philip Howard as Chairman of the Remuneration Committee. Ms Pease has been a member of the Remuneration Committee since 2014 and is also a member of the Nominations Committee and Audit and Risk Committee.

Michael Dobson, Chairman said: "Philip has been an exemplary non-executive Director, giving a great deal of his time to the business outside of Board meetings and providing a highly constructive level of challenge and support to the management team. We will miss his deep experience and insights and on behalf of the Board I would like to thank him for his very significant contribution. Ian King's prior experience makes him ideally qualified to assume the position of Senior Independent Director. Nichola Pease's long experience in the asset management industry, and her membership of the Remuneration Committee since 2014, means she is well placed to take over the important role of Remuneration Committee Chairman."

This notification is made in accordance with LR 9.6.11

For further information, please contact:

Press

Beth Saint                                    [phone]

Head of Communications

Investors

Graham Staples                            [phone]

Company Secretary

 

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