Standard Chartered PLC Directorate Changes (6531A)
September 30 2020 - 10:31AM
UK Regulatory
TIDMSTAN
RNS Number : 6531A
Standard Chartered PLC
30 September 2020
STANDARD CHARTERED PLC (the "Company")
ANNOUNCES THE APPOINTMENT OF A NEW INDEPENDENT NON-EXECUTIVE
DIRECTOR TO ITS BOARD AND CHANGES TO ITS BOARD COMMITTEES
Standard Chartered PLC (the "Company") today announces the
appointment of Maria Ramos (aged 61) as an independent
non-executive director to its Board of Directors with effect from 1
January 2021. Maria will join the Company's Audit and Board Risk
Committees and will also become an independent non-executive
director of Standard Chartered Bank on appointment.
Maria brings a wealth of CEO, banking, commercial, financial and
international experience to the Board. Based in South Africa, she
served as chief executive officer of ABSA Group Limited (previously
Barclays Africa Group), a diversified financial services group
serving 12 African markets from 2009 to 2019. Before joining ABSA,
Maria was the group chief executive of Transnet Ltd, the
state-owned freight transport and logistics service provider for
five years. Prior to her CEO career, Maria served for seven years
as director-general of South Africa's National Treasury (formerly
the Department of Finance) where she played a key role in
transforming the National Treasury into one of the most effective
and efficient state departments in the post-apartheid
administration.
Maria also brings considerable non-executive experience, having
served on international boards, including Sanlam Ltd, Remgro Ltd,
and SABMiller plc. She currently serves as a non-executive director
on the Board of Richemont SA and AngloGold Ashanti Limited, as well
as Saudi British Bank and Public Investment Corporation Limited.
She is also a member of the Group of Thirty and an accomplished
academic, having taught at various universities and
institutions.
The Company also announces that David Tang (aged 65),
independent non-executive director who was appointed in June 2019,
and is a member of the Brand, Values and Conduct Committee is to be
appointed to the Board Risk Committee from 1 October 2020. David
has a deep understanding and substantial experience in a number of
our key markets, most notably Greater China, and will make a
valuable contribution to the Committee's discussions, especially in
relation to emerging technologies, digital and associated
risks.
José Viñals, Group Chairman said:
"We are delighted to welcome Maria to Standard Chartered. She
brings considerable experience as a CEO, significant understanding
of the global financial services industry, an in-depth
understanding of the regulatory landscape, as well as experience of
operating across many of our markets, especially the Africa region.
We look forward to her contribution at our Board and Committee
discussions.
We also welcome David Tang's appointment to the Board Risk
Committee where he is well placed to provide significant insight
into the discussion on information and cyber security and the broad
range of risks associated with the emerging technologies
sector."
Remuneration statement in relation to Maria Ramos
The independent non-executive directors do not participate in
any of the Company's incentive arrangements. Maria Ramos 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
GBP35,000 per annum, as a member of the Board Risk Committee. 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 - Maria Ramos
Maria Ramos has no relationship with any other Director, member
of senior management or substantial or controlling shareholder of
Standard Chartered PLC.
Maria Ramos holds no shares in the Company.
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
Maria Ramos's appointment which has been notified as necessary to
the Regulator.
END
For further information, please contact:
Julie Gibson
Julie.Gibson@s c.com
+44 20 7885 2434
Shaun Gamble
Shaun.Gamble@sc.com
+44 20 7885 5934
Standard Chartered
We are a leading international banking group, with a presence in
60 of the world's most dynamic markets and serving clients in a
further 85. 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
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END
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