Directorate Change

RNS Number : 6033U

Standard Life plc

29 December 2011

 



Standard Life plc

Board Changes

The Board of Standard Life plc ('the Company') today announces that John Paynter has been appointed as a non-executive director of the Company with effect from 1 January 2012.

Gerry Grimstone, Chairman of the Company commented:

"I am very pleased that John Paynter has agreed to join our Board.  His broad experience of financial services and other high-performing Boards will be of great benefit to us".

At the same time as he joins the Board, John Paynter will also be appointed as chairman of Standard Life Investments (Holdings) Limited ('Standard Life Investments'), where he has served as a non-executive director since December 2010.  He will succeed Colin Buchan who has served with distinction as chairman of Standard Life Investments since May 2008, and as a director since January 2002.  Colin Buchan will remain as a director of Standard Life plc and will continue to chair its Investment Committee.

Following this change, the Board of Standard Life plc will comprise three executive directors and nine non-executive directors, including the Chairman.  Regulatory approval for this appointment has been obtained and no other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Services Authority.

29 December 2011

Enquiries:

Matthew Pittam, Press Office                         0131 245 4961/07515 298 642

Jakub Rosochowski, Investor Relations         0131 245 8028

Kenneth Gilmour, Group Secretariat              0131 245 0751

END

Notes to Editors

John Paynter

Director's Fee
John Paynter's fee as a non-executive director of the Company will be £70,000 per annum.  As chairman of Standard Life Investments, he will receive an additional fee of £37,500.

Interest in shares
As at the date of his appointment, John Paynter holds 7,015 shares in Standard Life plc.  These shares are held in the name of an external nominee and represent 0.0003% of the Company's issued share capital.

Biographical details:
Nationality:	British
Education/Qualifications:	University College, Oxford, BA Hons, Jurisprudence
	Called to the Bar 1976
Other Non-Executive Appointments
2010 - Present	Standard Life Investments (Holdings) Limited and Standard Life Investments Limited - Non-Executive Director
2008 -Present	Jardine Lloyd Thompson Group plc - Non-Executive Director
2008 - Present	Standard Chartered plc - Non-Executive Director
Other Appointments
2009 - Present	Greenhill & Co International - Senior Adviser
2004 - Date	NSPCC - Stop Organised Abuse Appeal - Board Member
Career summary:
1979 - 2008	Cazenove: JP Morgan Cazenove Various positions including head of corporate finance.  Deputy Chairman of Cazenove Group plc 2001-2005; Vice-Chairman of JP Morgan Cazenove 2005-2008.

 

END

 

 

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