Investing.com -- Standard Chartered (OTC:SCBFF) Plc announced the appointment of Maria Ramos as the successor to Jose Vinals in the role of chair.
Ramos, who joined the board as an independent non-executive director in January 2021, will step into her new role following an extensive global search, the bank noted in a statement on Tuesday.
Ramos brings a wealth of experience to her new role, having previously served as the head of the Africa-focused lender, Absa Group.
Her appointment comes as Vinals is nearing the end of his tenure, which has spanned almost nine years, close to the maximum recommended term under UK corporate governance rules.
The transition of leadership is set to take place at the bank's annual meeting on May 8, pending regulatory approval.
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