London, United Kingdom - February 27, 2015, London, United Kingdom - Standard Chartered PLC announces a comprehensive package of changes to the board.
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William Thomas Winters will join the Group on 1 May 2015. He will be appointed to the Board as Group Chief Executive in June 2015 and will be based in London.
Mr. Winters has been a member of the Novartis Board of Directors since 2013. He qualifies as an independent Non-Executive Director. Mr. Winters is chairman and CEO of Renshaw Bay, an alternative asset management and advisory company based in London.
He is a former member of the UK Independent Commission on Banking, and served as co-CEO of JPMorgan’s investment banking business from 2003 to 2010.
Mr. Winters received his bachelor’s degree from Colgate University and his Masters of Business Administration from the Wharton School at the University of Pennsylvania in the United States. He joined JPMorgan in 1983 and held management roles across several market areas and in corporate finance.
Mr. Winters serves on the boards of Colgate University and the International Rescue
Committee, both in the United States, and of Pension Insurance Corporation, all in
London. He was awarded the title of Commander of the Order of the British Empire (CBE) in 2013.
Peter Sands will stand down from the Board and as Group Chief Executive in June 2015.
Sir John Peace, Chairman, has indicated an intention to step down from the Board during the course of 2016, allowing time for Mr. Winters to transition into his new role and to ensure Board level continuity.
Jaspal Bindra, Group Executive Director and Chief Executive Officer, Asia, after a long and successful 16 year career with the Group, will be stepping down from the Board, with effect from 30 April 2015 and will leave the Group shortly thereafter. A further announcement on his current role will be made in due course.
The Group also announces further changes to its broader Board composition in line with its multi-year succession plan. As part of this, a further three long standing Directors will step down and two new Directors will join the Board.
Ruth Markland, Senior Independent Director (“SiDâ€) and Paul Skinner, independent Non-Executive Director (“iNEDâ€), who have both served on the Board since November 2003, will retire from the Board by the end of 2015.
Ms. Markland continues as SiD until she retires but will step down from her role as Remuneration Committee Chair with effect from the conclusion of the AGM on 6 May 2015.
Christine Hodgson iNED, who joined the Board in September 2013, will be appointed as Remuneration Committee Chair with effect from 7 May 2015.
Oliver Stocken, iNED who has served on the Board since June 2004, will step down on 28 February 2015.
Two new iNEDs will join the Board with effect from 1 April 2015.
Gay Huey Evans is an experienced non-executive director with significant commercial, financial services and regulatory experience, having spent 26 years working in a variety of executive roles in a number of global finance and banking institutions.
She was Vice Chairman, Investment Banking & Investment Management, at Barclays Capital from 2008 to 2010 and prior to that was Head of Governance, Citi Alternative Investments (EMEA). She also spent seven years at the Financial Services Authority (“FSAâ€), where she served as Director of Markets Division.
Ms. Huey Evans is a Non-Executive Director at ConocoPhillips, Bank Itau BBA International Limited and Deputy Chair of the Financial Reporting Council. She served as Non-Executive Director at Aviva plc.
Jasmine Whitbread brings significant business leadership experience as well as first-hand experience of operating across our markets. Ms. Whitbread is the CEO of Save the Children International, a role she has held since 2010, with extensive experience and a deep understanding of operating successfully in highly regulated, political and unpredictable environments. ■