28th Nov 2007 07:01
Standard Life plc28 November 2007 Standard Life plc Board Changes The Board of Standard Life plc ('the Company') announces the following Boardchanges. Hugh Stevenson will retire from the Board of the Company and from the board ofStandard Life Investments at the conclusion of the Company's AGM in May 2008.He has been a director of Standard Life since 1999 and has served as SeniorIndependent Director since 2003. He has been chairman of Standard LifeInvestments since 2004. Colin Buchan has been appointed as a non-executive director, with effect from1st January 2008. He was formerly Global Head of Equities at UBS Warburg and amember of the group management board of UBS AG. He is currently a non-executivedirector of the Royal Bank of Scotland Group plc, and also two of its listedsubsidiaries, Royal Bank of Scotland plc and National Westminster Bank plc. Heis also a director of Merrill Lynch World Mining Trust plc, Merrill Lynch GoldLimited, World Mining Investment Company Limited and Royal Scottish NationalOrchestra Society Limited. He has been a director of Standard Life InvestmentsLimited since 2002. Colin Buchan will be appointed chairman of Standard LifeInvestments when Hugh Stevenson steps down in May 2008. Lord Blackwell will be appointed as the Company's Senior Independent Directorfrom the conclusion of the Company's AGM in May 2008. Norman Blackwell has beena director of Standard Life since 2003 and is chairman of Standard LifeAssurance. Gerry Grimstone, Chairman of the Company said: "I am delighted that Colin Buchan has been appointed to the Board. He has beena very successful vice-chairman of Standard Life Investments and will bringextensive experience to our deliberations. We will miss Hugh Stevenson greatlywhen he retires in May. He has been a great source of wisdom and authority, andhas made a very significant contribution to Standard Life over the years. Hughhas also played a key role in helping develop Standard Life Investments into theleading position that it holds today." Following these changes, the Board of Standard Life plc will comprise fourexecutive directors and eight non-executive directors, including the Chairman,up until the conclusion of the AGM. Following the AGM, there will be sevennon-executive directors, including the Chairman. No other information isrequired to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rulesof the Financial Services Authority in relation to these appointments. 28 November 2007 Enquiries: Standard Life plc Richard England, Group Press Office, 0131 245 2750 Gordon Aitken, Investor Relations, 0131 245 6799 Neil Bennett, Maitland 0207 379 5151 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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