Standard Chartered (02888) said William Thomas Winters (Bill) will join the Group on 1 May and will be appointed to the Board as Group Chief Executive in June.
Peter Sands will stand down from the Board and as Group Chief Executive in June.
Chairman John Peace has indicated an intention to step down from the Board during the course of 2016, allowing time for Bill to transition into his new role and to ensure Board level continuity.
Jaspal Bindra, Group Executive Director and Chief Executive Officer, Asia, after a long and successful 16 year career with the Group, will be stepping down from the Board, with effect from 30 April and will leave the Group shortly thereafter.
Standard Chartered will continue to streamline the Board and the intention is for the Board to consist of 14 directors in due course.
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