Aberdeen Asset Management PLC ("the Company") announces that, as previously reported, Roger Cornick has retired as Chairman and Non-Executive Director of the Company, with effect from 30 September 2016, and has been succeeded by Simon Troughton. Roger joined the Board in January 2004 and became Chairman in January 2009.
Simon was appointed to the Board in July 2009 and was appointed Senior Independent Non-Executive Director in October 2014. Simon was previously a partner at Cazenove and Company before moving to Fauchier Partners in 2003 where he was chief operating officer.
Simon will also chair the Nominations Committee, while Julie Chakraverty has been appointed Senior Independent Director.
Martin Gilbert, co-founder and chief executive of Aberdeen Asset Management PLC, says:
"Roger has been a member of the Board during a period when the Group has developed into a full-service global asset manager. He has always provided wise counsel especially to me and I would personally like to thank him for the invaluable support he has given me. He has played an active role as Chairman for which everyone at Aberdeen is grateful. I am sure Simon will play an equally important role in leading the Board."
Simon Troughton, Chairman of Aberdeen Asset Management PLC, comments:
"I'm delighted to be taking on the role at an important moment for the business and for the fund management sector as a whole; Roger deserves credit for his governance of the Company that I now have the privilege of chairing."
Maitland Neil Bennett + 44 (0) 207 379 5151
This information is provided by RNS