Experian PLC (LSE: EXPN) chairman John Peace has informed the company he plans to step down as chairman and director after being appointed Standard Chartered PLC’s (LSE: STAN) new chairman with immediate effect.
Both companies issued statements announcing the move.
Peace will continue in his role at Experian until a successor has been appointed.
Peace joined the Standard Chartered board as deputy chairman in August 2007 and has been acting chairman since mid-January 2009.
He 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 remain as chairman of Burberry Group PLC (LSE: BRBY).www.proactiveinvestors.co.uk
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