14th Jul 2009 15:29
Standard Chartered PLC Director Change
Mr Sunil Bharti Mittal
The Board of Directors (the "Board") of Standard Chartered PLC (the "Company") announces that Sunil Mittal has decided to step down from the Board and resign from the Company effective 31 July 2009. He has been a Non-Executive Director of the Company since 1 August 2007.
Mr Mittal, Chairman and Group CEO of Bharti Enterprises, said
"I have greatly enjoyed being a member of the Board over the last two years. However, given my involvement with Bharti Enterprises, it is becoming increasingly difficult to balance my time with the demands placed on a non-executive director on the board of a bank. It is therefore with regret that I have tendered my resignation and I wish the Bank every success in the future as it continues to pursue its highly effective strategy."
John Peace, Chairman of Standard Chartered PLC, said
"Sunil has been an excellent Non-Executive Director. He has been a pleasure to work with over the past two years. I would like to take this opportunity to thank him for his valuable contribution to the Company."
Notes to editors:
BUSINESS DESCRIPTION
Standard Chartered PLC
Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank for its customers across its markets. The Group derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has over 1,600 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.
Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs more than 70,000 people, nearly half of whom are women. The Group's employees are of 125 nationalities, of which about 70 are represented in the senior management.
For more information, please visit: www.standardchartered.com
Contacts
Investors
Stephen Atkinson Head of Investor Relations
+44 (0)20 7885 7245 [email protected]
Ashia Razzaq
Head of Investor Relations, Asia Pacific
+852 2820 3958
Media
Arijit De Head of Media Relations + 44 (0)20 7885 7163 [email protected]
Related Shares:
Standard Chartered