– UK, Edinburgh – Standard Life Aberdeen confirms the composition of its new Board, with effect from today, in line with the announcement of the completion of the merger of Standard Life plc (LSE:SL), and Aberdeen Asset Management PLC and as previously announced in the Prospectus and the Circular published in connection with the Merger on 9 May 2017.
Sir Gerry Grimstone remains as Chairman, Kevin Parry, John Devine, Melanie Gee, Lynne Peacock and Martin Pike remain as non-executive Directors, and Keith Skeoch, co-Chief Executive, remains as an executive Director, of Standard Life Aberdeen.
Simon Troughton (Deputy Chairman), Julie Chakraverty, Gerhard Fusenig, Richard Mully, Jutta af Rosenborg and Akira Suzuki have been appointed as non-executive Directors, and Martin Gilbert, co-Chief Executive, Rod Paris, Chief Investment Officer, and Bill Rattray, Chief Financial Officer, have been appointed as executive Directors, of Standard Life Aberdeen.
Also as announced in the Public Documents, Colin Clark, Global Client Director, Barry O’Dwyer, CEO Pensions and Savings and Luke Savage, Chief Finance Officer, have today stepped down from the Board. Colin Clark’s last working day will be 31 August 2017 and he will be on garden leave until 31 December 2017 at which point he will leave the Company. Luke Savage will remain employed to provide support to Bill Rattray through to the publication of the 2017 full-year results and will leave the Company on 28 February 2018. Barry O’Dwyer will remain in his role as CEO Pensions and Savings. Additionally, Pierre Danon and Noel Harwerth have resigned as non-executive Directors.
Furthermore, as announced in the Public Documents, Val Rahmani, non-executive Director, Andrew Laing, Deputy Chief Executive, Hugh Young, Managing Director Asia and Group Head of Investments, and Rod MacRae, Group Head of Risk, have today resigned from the Board of Aberdeen Asset Management PLC. Andrew Laing will remain as Joint Head of Integration and Hugh Young will remain as Head of Asia. Rod MacRae’s employment will continue until 31 October 2017.
Commenting on these changes, Sir Gerry Grimstone, Chairman of Standard Life Aberdeen, said: “Today’s announcements mark a major milestone in the history of both Standard Life plc and Aberdeen Asset Management PLC. I would like to thank all Board colleagues stepping down from both Boards for their commitment and service and particularly over recent months as we have worked to complete the Merger. As we move forward, the Standard Life Aberdeen Board remains committed to maintaining its high values of stewardship and effective governance, while putting our clients’ and customers’ interests at the heart of what we do.”
Following these changes, the Board of Standard Life Aberdeen comprises the Chairman and the Deputy Chairman, four executive Directors and ten non-executive Directors, nine of whom are independent. The Board is made up of four women and twelve men.
For more information : http://www.standardlife.com
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