TIDMSTAN
RNS Number : 4635U
Standard Chartered PLC
01 August 2022
1 August 2022
STANDARD CHARTERED PLC
ANNOUNCES CHANGES TO ITS BOARD AND COMMITTEES
Standard Chartered PLC (the "Company") today announces a number
of changes to its Board and Committees.
Jacqueline (Jackie) Hunt has been appointed as an independent
non-executive director of both the Company and Standard Chartered
Bank, with effect from 1 October 2022.
Jackie brings significant UK and international financial
services experience, including asset management, insurance,
regulatory and accounting knowledge gained across a number of
senior executive and board positions. Between 2016 and 2021, she
was a member of the Allianz SE management Board with executive
responsibility for the asset management and US life insurance
divisions. Prior to that, Jackie was an executive director of
Prudential plc with responsibility for Prudential UK, Europe and
Africa. She was also Group Chief Financial Officer of Standard Life
plc from 2010 to 2013, where she helped transform the life insurer
into a diverse savings, pensions and asset management business.
Jackie has built a successful portfolio non-executive career,
currently serving as an independent non-executive director of Man
Group plc, a company listed on the London Stock Exchange, and
non-executive director of OneWeb Holdings Limited, a global
satellite communications company and Rothsay Life. She was the
senior independent director of National Express Group plc from 2012
to 2015, the deputy chair of the Financial Conduct Authority
Practitioner Panel between 2012 and 2016 and a non-executive
director of TheCityUK from 2014 to 2015.
On appointment, Jackie will join our Audit and Culture and
Sustainability Committees.
The Company also announces that Byron Grote, Independent
Non-Executive Director and member of the Audit Committee and
Remuneration Committee has decided to retire on 30 November 2022,
having served on the Board for more than eight years.
In addition, the Company announces that Christine Hodgson,
Senior Independent Director and Chair of the Remuneration
Committee, who had signalled her intention to retire from the Board
at the end of her nine-year term in September 2022 has agreed to
remain on the Board until 31 January 2023, at the request of the
Company.
This will enable Christine to lead the shareholder consultation
required following a significant minority vote against the
Company's remuneration policy and report resolutions at the 2022
AGM. It will also enable Christine to facilitate the orderly
transition of her role as Chair of the Company's Remuneration
Committee to her successor, who will be announced once they receive
regulatory approval.
Christine will step down as Senior Independent Director and be
succeeded by Maria Ramos, on 1 September 2022.
Following receipt of the necessary regulatory approvals, Maria
has been appointed Chair of the Board Risk Committee with effect
from 1 August 2022, succeeding Phil Rivett who had held the Chair
role on an interim basis since the retirement of Naguib Kheraj from
the Board on 30 April 2022. Maria will also join the Governance and
Nomination Committee on 1 August 2022.
Shirish Apte will join the Remuneration Committee on 1 August
2022 and David Conner will join it on 1 October 2022.
David Conner will step down from the Culture and Sustainability
Committee and Robin Lawther will join it on 1 October 2022.
José Viñals, Group Chairman said:
"We are delighted to welcome Jackie to Standard Chartered. She
brings considerable experience from executive and non-executive
roles across a wide range of financial services business and a
strong commitment to advance the Company's ESG commitment. We look
forward to Jackie's contributions to the Board and Committee
discussions.
We would also like to thank Byron for his exceptional service
and dedication to the Board over the past eight years. Byron has
played a key role in the work of the Audit and Remuneration
committees and will work closely with Jackie to share his knowledge
in the lead up to his retirement. We wish Byron all the very best
for the future.
Finally, we would like to thank Christine for her flexibility in
extending her term on the Board and for serving as Senior
Independent Director with distinction. We are fortunate to be able
to continue to benefit from her insights at our Board and Committee
meetings for the period of her extension."
Jackie Hunt said:
"I am delighted to be joining the Board of Standard Chartered. I
have long-admired the Group's commitment to driving prosperity,
focus on supporting sustainable trade and investment and desire to
support its customers and communities."
ENDS
For further information, please contact:
Shaun Gamble
Shaun.Gamble@sc.com
+44 20 7885 5934
Additional Information:
Remuneration statement in relation to Jackie Hunt
The independent non-executive directors do not participate in
any of the Company's incentive arrangements. As an independent
non-executive director, Jackie Hunt will have a contract for
services with the Company. Jackie Hunt will receive a fee of
GBP105,000 per annum for her services as an independent
non-executive director, with additional fees of GBP35,000 per annum
as a member of the Audit Committee and GBP30,000 per annum as a
member of the Culture and Sustainability Committee, pursuant to the
Directors' remuneration policy. This is disclosed in accordance
with the Rules Governing the Listing of Securities on the Stock
Exchange of Hong Kong Limited (the "Hong Kong Listing Rules").
Additional information - Jackie Hunt
Jackie Hunt has no relationship with any other Director, member
of senior management or substantial or controlling shareholder of
Standard Chartered PLC.
Jackie Hunt currently holds no shares in the Company.
Jackie Hunt's appointment as a Director of the Company is
subject to annual re-election by shareholders and election at the
2023 AGM.
Save as disclosed above, there is no other information to be
disclosed under the requirements of UK Listing Rule 9.6.13 (1-6)
and Rule 13.51(2) of the Hong Kong Listing Rules in relation to
Jackie Hunt's appointment.
Additional information - Byron Grote
There are no matters relating to the retirement of Byron Grote
that need to be brought to the attention of the shareholders of the
Company.
Standard Chartered
We are a leading international banking group, with a presence in
59 of the world's most dynamic markets and serving clients in a
further 83. Our purpose is to drive commerce and prosperity through
our unique diversity, and 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.
For more stories and expert opinions please visit Insights at
sc.com . Follow Standard Chartered on Twitter , LinkedIn and
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END
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