REG - Standard Life Aberdn - Directorate Change

AberdeenAnnouncement

17/12/2019 13:40

RNS Number : 1940X
Standard Life Aberdeen plc
17 December 2019
 


Standard Life Aberdeen plc
 
Directorate change
 
Standard Life Aberdeen plc ('the Company') announces the following change to its Board of Directors (the 'Board').
 
As part of continuing Board restructuring, Roderick Paris (Rod), Chief Investment Officer will step down as an Executive Director from the Board on 31 December 2019. This adjustment reflects Board simplification; Rod remains the Company's Chief Investment Officer and a key member of the Company's Executive Leadership Team, with his reporting line into Keith Skeoch, Chief Executive Officer unchanged. Rod will continue to attend Board meetings to present on the performance of the Investment function.
 
With Martin Gilbert, Vice Chairman, not seeking re-election to the Board at the Company's Annual General Meeting ('AGM'), scheduled for 12 May 2020, following that AGM the Board would be made up of the Chairman, seven Non-Executive Directors and two Executive Directors, Keith Skeoch, Chief Executive Officer, and Stephanie Bruce, Chief Financial Officer.
 
Sir Douglas Flint, Chairman, said: "Rod joined the Board as Chief Investment Officer at the time of the merger between Standard Life and Aberdeen Asset Management in August 2017, to ensure the Board had a direct link to the critical process of integrating the investment businesses and processes of the two firms. With that integration largely complete and with his continuing presence at Board meetings, both Rod and I agreed that the timing is now right, particularly in light of improving investment performance, for him to step off the Board to concentrate all his attention on leading the Standard Life Aberdeen investment function of 1,400 experts globally.
 
Rod Paris, Chief Investment Officer, said: "Since the merger we have put in place the integrated and firm foundations upon which we continue to build strong and compelling performance for our clients and customers. I am looking forward to continuing to lead what is an outstanding investment team as we pursue our relentless drive for improved performance."
 
Enquiries:
 



Media
James Thorneley 


 
+44 (0) 207 463 6323*
+44 (0) 7768 556 334
 




Institutional Equity Investors
Neil Longair
 


 
+44 (0) 131 245 6466*
+44 (0) 7711 357 595




Group Secretariat
Paul McKenna


 
+44 (0) 131 372 0703*
 



 
* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.
 
LEI: OTMBS544NMO7GLCE7H90
 
 
 




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