The Standard Chartered has named John Peace as Chairman with immediate effect. John Peace joined the board of Standard Chartered as Deputy Chairman in August 2007 and has been Acting Chairman since 14 January 2009, working closely with Group Chief Executive Peter Sands, the board and the executive management team.
It has reported that John Peace will spend at least three days a week in his duties as non-executive Chairman of Standard Chartered, which will become his primary role. He will step down as Chairman of Experian, once a new chairman is appointed, and remain as chairman of Burberry Group.
Mr Peace said. The Group is in excellent shape, as you can see from our recent trading update, and I look forward to continuing to work with our great management team and Board.”
Peter Sands, Group Chief Executive, said: “John brings extensive experience as an international business leader and as a chairman. He has been a very active Board member and, both as Deputy and Acting Chairman, has given me great advice and support.
