Press release
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.”
For further information please contact:
Sarah Lindgreen
Deputy Head of Media Relations
Tel: +44 20 7885 8764
Email: sarah.lindgreen@sc.com