REG - Aberdeen Group PLC - Governance Changes

AberdeenAnnouncement

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RNS Number : 1614Y  Aberdeen Group PLC  26 March 2026

Aberdeen Group plc

 

Governance Changes

 

Aberdeen Group plc ("Aberdeen" or the "Company") today provides an update on
its Chair succession process and consequential interim governance changes.

 

At the Company's 2025 AGM, Sir Douglas Flint announced that he would not stand
for re-election at the following year's AGM. In January 2026, the Company
confirmed that Sir Douglas would step down as Chair and as a Director of the
Company with effect from the conclusion of the Company's Board meeting on 28
April 2026.

 

The process to select a permanent successor to Sir Douglas as Chair of the
Company remains ongoing and the Company will provide further updates on this
in due course.

 

In the interim, and until a permanent Chair is appointed, the Company confirms
that Jonathan Asquith, Senior Independent Director, will assume the role of
Chair of the Company, subject to regulatory approval, and Chair of the
Nomination and Governance Committee with effect from the conclusion of the
Company's Board meeting on 28 April 2026.

 

During the interim period, Hannah Grove, Non-Executive Director, will assume
the role of Chair of the Remuneration Committee. John Devine, Non-Executive
Director, will assume the role of Senior Independent Director and rejoin the
Nomination and Governance Committee. Jonathan will step down as a member of
the Audit and Risk Committee.

 

While performing the role of Chair, Jonathan will receive a fee of £475,000
per annum on a prorated basis in line with the Directors' Remuneration Policy
approved by shareholders at the 2023 AGM. Jonathan will receive no additional
director fees in relation to his other roles in the Company during the period
of his interim appointment.

 

Jonathan Asquith said: "On behalf of the Board, I would like to thank Sir
Douglas for his exceptional contribution to the Company since joining the
Board in 2018. His chairmanship has played a pivotal role in repositioning
Aberdeen for success as a leading UK wealth and investments group. On behalf
of my colleagues on the Board, I wish him all the very best for the future.

 

I look forward to continuing to work with Jason and his team to ensure the
Company doesn't miss a beat in the execution of its growth strategy."

 

Sir Douglas Flint said: "It has been a huge privilege to serve as Chair of
Aberdeen. In what has been quite a journey, I am really proud of what the
Board and the executive team with the support of our colleagues have achieved
together, including simplifying the Group and sharpening our strategic
priorities. Jason is leading a first-rate executive team, with a clear
strategy aimed at building the UK's leading wealth and investments group. I
would like to thank my Aberdeen colleagues for their commitment and support,
and I wish Jonathan, Jason and everyone at Aberdeen continued success."

 

The Financial Conduct Authority has been notified of the appointment of
Jonathan Asquith as Chair of the Company and the appointment of Hannah Grove
as Chair of the Remuneration Committee. Their respective appointments are
subject to receipt of relevant regulatory approvals.

 

This announcement is made pursuant to UKLR 6.4.6R.

 

26 March 2026

 

Enquiries:

 Media

 Duncan Young        +44 (0) 7920 868 865

 Group Secretariat

 Iain Jones          +44 (0) 7464 917 797

* Calls may be monitored and/or recorded to protect both you and us and help
with our training. Call charges will vary.

 

 

END

 

LEI number of Aberdeen Group plc: 0TMBS544NMO7GLCE7H90

 

Notes to Editors

 

For the purposes of section 430(2B) of the Companies Act 2006, Sir Douglas
Flint will receive his Chair fee (£475,000 per annum) on a prorated basis
until 28 April 2026. He is not entitled to any payments for loss of office.

 

 

 

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