| Fri 13 Nov 2009, 8:55 | | SBK - Standard Bank Group Limited - Appointment of Chairman-elect |
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SBK
SBK
SBK - Standard Bank Group Limited - Appointment of Chairman-elect
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the Group")
APPOINTMENT OF CHAIRMAN-ELECT
Derek Cooper, who has been Chairman of Standard Bank since January 2001,
reaches retirement age and will be stepping down from the board of directors of
Standard Bank Group ("the Board") after the Annual General Meeting in May 2010.
The Board is pleased to announce that Mr Tshamano Mohau Frederik ("Fred")
Phaswana has agreed to accept the Chairmanship of the Standard Bank Group on
Derek Cooper`s retirement and will, subject to regulatory approval, be joining
the Standard Bank Group and The Standard Bank of South Africa Limited Boards.
Both Saki Macozoma and Kaisheng Yang will continue as joint Deputy Chairmen of
the Group.
Fred Phaswana, 65, currently chairs Anglo American South Africa, Anglo Platinum
Limited and Ethos Private Equity Limited and serves on the boards of Brimstone
Investment Corporation Limited, Naspers Investments Limited and Media24 Limited.
In addition he chairs the South Africa Institute of International Affairs and
serves as an Advisor to the Prince of Wales Business and Environment Programme.
He was previously Regional President of BP Africa, chaired Transnet Limited, the
South African National Energy Association and the Cape Town Graduate School of
Business Advisory Board, and held directorships in the World Wildlife Fund South
Africa and the Cape Town Press Club. He will review his current commitments in
the light of his pending Chairmanship of the Standard Bank Group.
Johannesburg
13 November 2009
Sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Conference call
Derek Cooper and Fred Phaswana will be hosting a conference call today at 11h30
AM (GMT +2) for interested parties.
A recorded version of the conference call will be available for 72 hours after
the live call.
Dial in numbers:
South Africa Toll +27 11 535 3600
Toll-free 0800 200 648
UK Toll-free 0800 917 7042
PLAYBACK - Code 2670#
South Africa & Other +27 11 305 2030
UK 0808 234 6771
Date: 13/11/2009 08:55:02 Produced by the JSE SENS Department.
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