Directorate Change

RNS Number : 1560A

Standard Chartered PLC

18 December 2014

 



Issued 18 December 2014

Standard Chartered PLC announces Board changes

The Board of Directors (the "Board") of Standard Chartered PLC (the "Company") today announces the following changes to its Board.

After more than six years on the Board, it is with regret that, for personal reasons,  John Paynter, independent Non-Executive Director, has decided to step down from the Board with effect from 31 December 2014.  Mr Paynter was appointed to the Board on 1 October 2008 and is a member of both the Audit Committee and Remuneration Committee. 

Plans are in place to appoint at least one independent Non-Executive Director with banking experience in the new year. Pending finalisation of that appointment, and in view of John's departure, Oliver Stocken has agreed to remain on the Board for a short period to support the smooth transition of the  Board's composition.

A further announcement will be made in relation to the appointment of new independent Non-Executive Directors and the date of Oliver's departure in due course.    

Sir John Peace, Chairman of the Board, said: "I would like to thank John Paynter for his highly valuable contribution and commitment to the Board over the last six years."

For further information please contact:

James Hopkinson, Head of Investor Relations

Tel: [phone]

[e-mail]

Simon Kutner, Head of External Communications, Financial & Corporate

Tel: [phone]

[e-mail]

Notes to Editors

Standard Chartered

We are a leading international banking group, with more than 86,000 employees and a 150-year history in some of the world's most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more information please visit www.sc.com. Hear from Standard Chartered's experts and comment on our blog at ourviews.sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

 

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