30th Oct 2018 11:34
LONDON (Alliance News) - Standard Life Aberdeen PLC confirmed Tuesday that former HSBC Holdings PLC Chairman Douglas Flint will take over from outgoing Chair Gerry Grimstone at the start of 2019.
Flint will be appointed non-executive director and chairman designate on November 1 and will then take over from Grimstone, who will be stepping down on January 1.
Following Flint's appointment, the Standard Life Aberdeen's board will comprise four executive directors, ten non-executive directors and the chairman. The board will be made up of three women and twelve men.
Shares in the investment company were down 0.4% Tuesday at 265.30 pence each.
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HSBC Holdings