Standard Chartered PLC Directorate Change (9980B)
June 12 2019 - 7:09AM
UK Regulatory
TIDMSTAN
RNS Number : 9980B
Standard Chartered PLC
12 June 2019
12 June 2019
STANDARD CHARTERED PLC (the "Company")
ANNOUNCES THE APPOINTMENT OF
AN INDEPENDENT NON-EXECUTIVE DIRECTOR TO ITS BOARD
The Board of Directors (the "Board") of Standard Chartered PLC
(the "Company") today announces the appointment of Mr David Tang
(aged 64) as an independent non-executive director with effect from
12 June 2019. David will also join the Company's Brand, Values and
Conduct Committee.
David is based in Beijing, China and has more than 30 years of
international and Chinese operational experience in the technology
and venture capital industries, covering investments, sales,
marketing, business development, research & development and
manufacturing. David is currently the Managing Director and Partner
of NGP Capital in Beijing, managing investments in a range of
technology startup and emerging technology companies.
Prior to joining NGP Capital, David was the Corporate Senior
Vice President and President of AMD (Advanced Micro Devices),
Greater China. From 2004 to 2010, David held various positions
within Nokia, including Chairman of Nokia Telecommunications Ltd
and Vice Chairman of Nokia (China) Investment Co. Ltd. David has
also served as Vice President of the European Union Chamber of
Commerce in China, Vice Chairman of the China Association of
Enterprises with Foreign Investments, and Vice Chairman of the
Beijing International Chamber of Commerce.
David is a non-executive director of Kingsoft Corporation
Limited, a Chinese software and Internet services company, listed
on the Hong Kong Stock Exchange and a non-executive director of YY
Inc. a leading live streaming social media platform in China,
listed on the Nasdaq. David has a Bachelor of Science degree in
Computer Science and Engineering from California State University
at Long Beach and a MBA from California State University at
Fullerton.
José Viñals, Group Chairman said:
"David has deep understanding and experience of emerging
technologies in the context of some of our key markets, most
notably mainland China. He is well respected in senior technology
circles within China and maintains a global outlook. His role as
partner of NGP Capital will provide a valuable and interesting
perspective to the Board discussions, most significantly in
relation to the emerging technology sector.
I am delighted to welcome David to Standard Chartered and look
forward to his contribution in our Board and committee
discussions."
Remuneration statement in relation to David Tang
The independent non-executive directors do not participate in
any of the Group's incentive arrangements. David Tang will receive
a fee of GBP105,000 per annum for his services as an independent
non-executive director, with an additional fee of GBP30,000 per
annum as a member of the Brand, Values and Conduct Committee. This
is disclosed in accordance with the Rules Governing the Listing of
Securities on the Stock Exchange of Hong Kong Limited (the "Hong
Kong Listing Rules").
Additional information - David Tang
David Tang has no relationship with any other Director, member
of senior management or substantial or controlling shareholder of
Standard Chartered PLC.
David Tang has an interest in 2,000 shares of the Company.
Save as disclosed above there is no other information to be
disclosed under the requirements of UK Listing Rule 9.6.13 (1-6)
and Rule 13.51(2) of the Hong Kong Listing Rules in relation to
David Tang's appointment which has been notified as necessary to
the regulator.
END
For further information, please contact:
Shaun Gamble - Media queries
Shaun.Gamble@sc.com +44 20 7885 5934
Notes to Editors
Standard Chartered
We are a leading international banking group, with a presence in
60 of the world's most dynamic markets, and serving clients in a
further 85. Our purpose is to drive commerce and prosperity through
our unique diversity, and our heritage and values are expressed in
our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong
Stock Exchanges as well as the Bombay and National Stock Exchanges
in India.
For more stories and expert opinions please visit Insights at
sc.com. Follow Standard Chartered on Twitter, LinkedIn and
Facebook.
LEI: U4LOSYZ7YG4W3S5F2G91
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END
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