23 July 2014
Standard Chartered PLC
The Board of Standard Chartered PLC "The Board" notes rumours in some media outlets on succession planning for the Group Chief Executive, and Chairman.
The Board wants to be absolutely clear that it is united in its support of both Peter Sands and Sir John Peace, and the management team, in delivering the refreshed strategy, restoring the bank to profitable growth and delivering returns for our shareholders.
Robust and considered succession plans are in place for all of the senior leaders. We take our board succession extremely seriously and discuss this topic with our shareholders on a regular basis. We will ensure orderly succession takes place at the appropriate times, and only in a responsible manner consistent with full market transparency.
We do not accept these media rumours. No succession planning is taking place as a result of recent investor pressure.
For further information, please contact:
James Hopkinson - Investor queries +44 (0)20 7885 7151
Jonathan Tracey - Media queries +44 (0)20 7885 7613
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