15th Feb 2021 17:20
(Alliance News) - Standard Chartered PLC on Monday said Non-Executive Director Ngozi Okonjo-Iweala will be stepping down from its board at the end of February as she has been appointed new director-general of the World Trade Organisation.
Okonjo-Iweala has been on the board of FTSE 100-listed emerging markets focused bank Standard Chartered since 2017 but will step down February 28.
Chair Jose Vinals said: "Ngozi has made valuable contributions to the board over the past three years and we have been very fortunate to have the benefit of her extensive experience in development economics, sustainable finance and governance. As a bank dedicated to promoting global trade, we hope and believe she will achieve great things at the WTO and wish her all the best in her new role.
Okonjo-Iweala, a senior Nigerian economist, was appointed head of the World Trade Organization on Monday and is the first African and the first woman to serve as director general of the Geneva-based organisation. She is scheduled to start her four-year term in March.
By Anna Farley; [email protected]
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