Directorate Change

RNS Number : 5636Q

Standard Life plc

20 October 2011

 



Standard Life plc

Board Changes

The Board of Standard Life plc ('the Company') announces the following Board changes.

Kent Atkinson will retire from the Board on 31 December 2011 after seven years service.  He has been a non-executive director of Standard Life since January 2005 and has served as the chairman of the Group Audit and Compliance Committee since 2006.  During his time on the Board, he also served as the non-executive chairman of Standard Life Bank and as a non-executive director of Standard Life Assurance Limited.  David Grigson, currently a non-executive director of the Company, will be appointed chairman of the Group Audit and Compliance Committee following Kent Atkinson's retirement.  In addition, Pierre Danon has been appointed as a non-executive director of the Company with effect from 20 October 2011.

Commenting on these changes Gerry Grimstone, Chairman of the Company said:

"I would like to thank Kent Atkinson for his valuable contribution to Standard Life and, in particular, for his effective chairmanship of the Group Audit and Compliance Committee.  I am sure that David Grigson will continue the strong chairmanship of the Committee.

I am very pleased that Pierre Danon has agreed to join our Board.  His knowledge of customer experience, technology, change management and international business will be an asset to the Board's discussions.  At the same time as he joins the Board, he will also be appointed as a member of the Investment Committee".

Following these changes, the Board of Standard Life plc will comprise three executive directors and eight non-executive directors, including the Chairman.  Regulatory approval for Pierre Danon's 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.

20 October 2011

Enquiries:

Barry Cameron, Media Relations:                  0131 245 6165

Jakub Rosochowski, Investor Relations         0131 245 8028

Kenneth Gilmour, Group Secretariat              0131 245 0751

END

Notes to Editors

Pierre Danon

Director's Fee
Pierre Danon's fee will be £70,000 per annum.

Interest in shares
As at the date of his appointment, Pierre Danon holds 12,000 shares in Standard Life plc.  These shares are held in the name of an external nominee and represent 0.0005% of the Company's issued share capital.

Biographical details:
Nationality:	French
Education/Qualifications:	Ecole Nationale des Ponts et Chausées - civil engineer
	Institut Supérieur des Affaires - MBA
	Faculté de Droit Paris II Assas - MA, Law
Other Non-Executive Appointments
2011 - Present 2008 - Present 2007 - Present	Numericable-Completel - Chairman TDC (Telecom Denmark) - Vice Chairman Ciel Investment Limited (Port Louis, Mauritius)- Independent Director
Previous Non-Executive Roles
2004-2008	Emap
2001-2004	Hays
Career summary:
2011 - Present	Volia (Kiev) Executive Chairman
2008-2011	Numericable-Completel (Paris) Chief Executive Officer
2006-2008	Eircom (Dublin) Chairman
2005 - Present	JPMorgan Chase (London) Senior Adviser to ENEA Chairman; Member of JPMorgan Advisory Council.
2005	Capgemini Chief Operating Officer
2000-2005	BT Group Chief Executive Officer, BT Retail
1981-2000	Rank Xerox Various positions rising to President, Xerox Europe

 

END

 

 

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