Directorate Change

Standard Chartered PLC
20 November 2006

                          Stock Exchange Announcement



Date:   20 November 2006



'Standard Chartered PLC announces the appointment of E Mervyn Davies as Non
Executive Chairman and of Peter Sands as Group Chief Executive'



The Board of Standard Chartered PLC ('Standard Chartered' or the 'Group')
announces the appointment of Evan Mervyn Davies (age 53) as Non Executive
Chairman and that Bryan Kaye Sanderson (age 66), Chairman since May 2003, is
stepping down.



Mervyn Davies joined the Group in 1993 and was appointed to the Board in 1997.
He has been Group Chief Executive of Standard Chartered PLC since November 2001.
He will be succeeded by Peter Alexander Sands (age 44) who joined the Group in
2002 and is currently Group Finance Director and a Director of Standard
Chartered PLC.



Richard Henry Meddings (age 48) will become Group Finance Director. Richard
joined the Group in November 2002 and is currently Group Executive Director for
governance across Africa, Middle East, Pakistan, Europe and the Americas and a
Director of Standard Chartered PLC.



Mervyn Davies, Peter Sands and Richard Meddings have service contracts with a
notice period of one year.



During Bryan's time as Chairman the Group has doubled in size and made
significant strategic progress. The Board is appreciative of Bryan's valuable
contribution.



It is intended that a Deputy Chairman will be appointed. Details of the
appointee to that role and the other executive appointments will be made in due
course.



As required by the UK Combined Code on Corporate Governance, these appointments
have been discussed in advance with major shareholders.  In reaching the
decision to request Mervyn Davies to take up the role of Chairman the Board
considered the complexity of the international banking environment in which the
Group operates, the magnitude of the Group and the diversity of its businesses
and people.  The Board also considered the significant benefits of continuity as
well as the leadership skills that Mervyn will bring to the role of Chairman.
The Directors have unanimously approved these appointments.





Standard Chartered is trading in line with guidance given on 8 August 2006 and
29 September 2006. As already announced, a pre-close trading statement will be
issued on 12 December 2006.



These appointments are subject to the usual regulatory approvals.





Bryan Sanderson said

 'My priorities as Chairman were to improve shareholder value and to underpin
the existing focus on governance in order to support a profitable future for
Standard Chartered.



Nearly four years on, the share price has risen from £6.50 to around £15.00 and
market capitalisation has nearly tripled.  Our successful strategy, tightly
focused on growth in our Asian, African and Middle Eastern heartland, has given
the company new strength.  Well-executed, selected acquisitions have further
reinforced this position.



All of this has been accomplished by a talented team under the leadership of
Mervyn Davies and Peter Sands. Morale is high and the overall mood very
positive.



For me, this has been both enjoyable and gratifying but is taking more time and
effort than I wish to give at this stage of my life.  One of the main
ingredients for success at Standard Chartered will be continuity of leadership.
I have therefore decided to move on leaving an exciting forward agenda to
Mervyn, Peter and a strong supportive team.  We have engendered a unique
position, full of opportunities in many markets, notably China and India, and I
am confident that the best is still to come for Standard Chartered.'



Mervyn Davies said

'I would like to thank Bryan for his guidance. During the time we have worked
together Standard Chartered has made great progress.  I am delighted at the
prospect of becoming Chairman of Standard Chartered. Standard Chartered has a
clear strategy and is well positioned to take advantage of the many
opportunities in our markets. I am looking forward to working with Peter Sands
in his role as Group Chief Executive as Standard Chartered continues its journey
to become the world's best international bank leading the way in Asia, Africa
and Middle East.'



                                                           By order of the Board

                                                                     Clive Burns

                                                         Group Company Secretary


Notes to editors



1.      For Biographies of the Directors please see

 http://www.standardchartered.com/global/mc/managemt.html



2.  Note: Senior Independent Director

As announced at the AGM on 5 May 2006, Hugh Norton will retire from the Board
effective 31 December 2006. He will be succeeded in his role as Senior
Independent Director by Rudy Markham.



Rudy Markham was appointed to the Board as an Independent Non Executive Director
in February 2001. He is chairman of the Audit and Risk Committee and a member of
the Board Nomination Committee. He is Chief Financial Officer of Unilever and
Non-Executive Director of Legal & General Group Plc.



3.  Standard Chartered - leading the way in Asia, Africa and the Middle East



Standard Chartered PLC is listed on both the London Stock Exchange and the Hong
Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100
companies by market capitalisation.



Standard Chartered has a history of over 150 years in banking and operates in
many of the world's fastest-growing markets with an extensive global network of
over 1,400 branches (including subsidiaries, associates and joint ventures) in
over 50 countries in the Asia Pacific Region, South Asia, the Middle East,
Africa, the United Kingdom and the Americas.



As one of the world's most international banks, Standard Chartered employs
almost 55,000 people, representing over 90 nationalities, worldwide. This
diversity lies at the heart of the Bank's values and supports the Bank's growth
as the world increasingly becomes one market.



With strong organic growth supported by strategic alliances and acquisitions and
driven by its strengths in the balance and diversity of its business, products,
geography and people, Standard Chartered is well positioned in the emerging
trade corridors of Asia, Africa and the Middle East.



Standard Chartered derives over 90 per cent of profits from Asia, Africa and the
Middle East. Serving both Consumer and Wholesale Banking customers worldwide,
the Bank combines deep local knowledge with global capability to offer a wide
range of innovative products and services as well as award-winning solutions.



Trusted across its network for its standard of governance and corporate
responsibility, Standard Chartered takes a long term view of the consequences of
its actions to ensure that the Bank builds a sustainable business through social
inclusion, environmental protection and good governance.



Standard Chartered is also committed to all its stakeholders by living its
values in its approach towards managing its people, exceeding expectations of
its customers, making a difference in communities and working with regulators.



For more information on Standard Chartered, please log on to
www.standardchartered.com





Contacts



Investors

Stephen Atkinson                                                    Ruth Naderer
Head of Investor Relations                                      Head of Investor
Relations, Asia Pacific
[phone]                                              + 852 2820 3075
[e-mail]  [e-mail]



Press

Sean Farrell                                                            Rita Liu
Head of Media Relations                                        Head of Corporate
Affairs, Hong Kong
+ 44 (0)20 7280 7163                                              [phone]
[e-mail]          [e-mail]

                      
                        This information is provided by RNS
            The company news service from the London Stock Exchange