Directorate Change

RNS Number : 1258D

Standard Chartered PLC

25 March 2014

 



Standard Chartered PLC Announces Board Changes

Following the announcement on 29 November 2013 that Jamie Dundas and Rudy Markham will step down from the Board as independent Non-Executive Directors in 2014, the Board confirms, in line with LR 9.6.12, that the effective date of their resignations will be 1 May 2014.

Lars Thunell who joined the Board as an independent Non-Executive Director in November 2012 will succeed Jamie as Chairman of the Board Risk Committee with effect from 1 April 2014.  Naguib Kheraj who joined the Board as an independent Non-Executive Director in January 2014 will succeed Rudy as Chairman of the Audit Committee with effect from 1 May 2014.

Sir John Peace, Chairman of the Board, commented: "I would like to thank both Jamie and Rudy for their considerable and valuable contribution to Standard Chartered.  Their continuity of service and commitment has provided an in-depth knowledge and understanding of the Group which has been of enormous value over the years."

 

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