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| Standard Chartered PLC appoints John Peace as Chairman | |||
| 2 Jul 2009
, London
: The Board of Standard Chartered PLC has appointed John Peace as Chairman with immediate effect. John Peace joined the Board of Standard Chartered as Deputy Chairman in August 2007 and has been Acting Chairman since 14 January 2009, working closely with Group Chief Executive Peter Sands, the Board and the executive management team. "I am honoured to become Chairman of Standard Chartered", Mr Peace said. "This is one of the best jobs in banking. The Group is in excellent shape, as you can see from our recent trading update, and I look forward to continuing to work with our great management team and Board." Peter Sands, Group Chief Executive, added: "John brings extensive experience as an international business leader and as a chairman. He has been a very active Board member and, both as Deputy and Acting Chairman, has given me great advice and support. We have an excellent working relationship and I am delighted that we can build on that in the future." John Peace will spend at least three days a week in his duties as non-executive Chairman of Standard Chartered, which will become his primary role. He will step down as Chairman of Experian plc, once a new Chairman is appointed, and remain as Chairman of Burberry Group plc. This appointment comes after an extensive internal and external search process. John Peace has a strong financial services and retailing background through his directorship of Standard Chartered PLC, his other current chairmanships and, previously, as Chief Executive of GUS plc. He has exemplary governance credentials and has extensive international experience, including a thorough working knowledge of Asia. This appointment has received the necessary regulatory approval. |
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