4th Feb 2025 12:58
(Alliance News) - Standard Chartered PLC on Tuesday said Maria Ramos would succeed Jose Vinals as chair.
The London-based bank said Ramos will assume the role following the company's annual general meeting on May 8, when Vinals will retire from the board after a nine-year term.
Ramos joined the board in January 2021 and was appointed chair of the Board Risk Committee in 2022.
She previously spent a decade as chief executive officer of Absa Group Ltd, formerly Barclays Africa Group Ltd.
Chief Executive Officer Bill Winters said: "I am delighted to welcome Maria as the group's new Chair. Maria is a proven leader with deep industry experience and strategic vision. I very much look forward to working with her as we deliver the next phase of our growth. There is significant momentum in the business, and I am confident that Maria will help lead us as we innovate and execute for greater value for our clients and other stakeholders. I would also like to thank José for his outstanding leadership through a time of extraordinary challenge and renewal for our Company. He has been an excellent leader, manager and partner."
Ramos will retire from her role as non-executive director at Compagnie Financiere Richemont SA on March 31.
Ramos said: "I am honoured to take on the role of chair at Standard Chartered at an important time in its continued transformation. In my four years on the board, I have experienced the degree to which the organisation is trusted and valued by so many clients and stakeholders across many of the world's most dynamic markets. I look forward to working closely with the board, Bill, the management team and our global colleagues to deliver the next phase of the group's strategy and unlock the enormous opportunities and growth potential of our business."
Standard Chartered shares were up 0.3% at 1,066.00 pence each in London on Tuesday afternoon.
By Michael Hennessey, Alliance News reporter
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