Standard Chartered (02888) said it notes rumours in some media outlets on succession planning for the Group Chief Executive, and Chairman.
The group clarified it is united in its support of both Peter Sands and John Peace, and the management team, in delivering the refreshed strategy, restoring the bank to profitable growth and delivering returns for its shareholders. It will ensure orderly succession takes place at the appropriate times, and only in a responsible manner consistent with full market transparency.
No succession planning is taking place as a result of recent investor pressure, the group added.
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