20th Oct 2011 14:52
Standard Life plc
Board Changes
The Board of Standard Life plc ('the Company') announces the following Board changes.
Kent Atkinson will retire from the Board on 31 December 2011 after seven years service. He has been a non-executive director of Standard Life since January 2005 and has served as the chairman of the Group Audit and Compliance Committee since 2006. During his time on the Board, he also served as the non-executive chairman of Standard Life Bank and as a non-executive director of Standard Life Assurance Limited. David Grigson, currently a non-executive director of the Company, will be appointed chairman of the Group Audit and Compliance Committee following Kent Atkinson's retirement. In addition, Pierre Danon has been appointed as a non-executive director of the Company with effect from 20 October 2011.
Commenting on these changes Gerry Grimstone, Chairman of the Company said:
"I would like to thank Kent Atkinson for his valuable contribution to Standard Life and, in particular, for his effective chairmanship of the Group Audit and Compliance Committee. I am sure that David Grigson will continue the strong chairmanship of the Committee.
I am very pleased that Pierre Danon has agreed to join our Board. His knowledge of customer experience, technology, change management and international business will be an asset to the Board's discussions. At the same time as he joins the Board, he will also be appointed as a member of the Investment Committee".
Following these changes, the Board of Standard Life plc will comprise three executive directors and eight non-executive directors, including the Chairman. Regulatory approval for Pierre Danon's appointment has been obtained and no other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Services Authority.
20 October 2011
Enquiries:
Barry Cameron, Media Relations: 0131 245 6165
Jakub Rosochowski, Investor Relations 0131 245 8028
Kenneth Gilmour, Group Secretariat 0131 245 0751
END
Notes to Editors
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Pierre Danon
Director's Fee
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Pierre Danon's fee will be £70,000 per annum.
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Interest in shares
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As at the date of his appointment, Pierre Danon holds 12,000 shares in Standard Life plc. These shares are held in the name of an external nominee and represent 0.0005% of the Company's issued share capital. |
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Biographical details:
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Nationality: | French |
Education/Qualifications: | Ecole Nationale des Ponts et Chausées - civil engineer |
Institut Supérieur des Affaires - MBA | |
Faculté de Droit Paris II Assas - MA, Law
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Other Non-Executive Appointments | |
2011 - Present
2008 - Present
2007 - Present | Numericable-Completel - Chairman
TDC (Telecom Denmark) - Vice Chairman
Ciel Investment Limited (Port Louis, Mauritius)- Independent Director |
Previous Non-Executive Roles | |
2004-2008 | Emap |
2001-2004 | Hays |
Career summary:
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2011 - Present | Volia (Kiev) Executive Chairman |
2008-2011 | Numericable-Completel (Paris) Chief Executive Officer |
2006-2008 | Eircom (Dublin) Chairman |
2005 - Present | JPMorgan Chase (London) Senior Adviser to ENEA Chairman; Member of JPMorgan Advisory Council. |
2005 | Capgemini Chief Operating Officer |
2000-2005 | BT Group Chief Executive Officer, BT Retail |
1981-2000 | Rank Xerox Various positions rising to President, Xerox Europe |
Related Shares:
SLA.L