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Charles Stanley makes board level changes
13/06/2018 , News Team

Charles Stanley is to make changes to membership of its board committees. The changes are due to take place after its 2018 AGM on 24 July.

The announcement was made on the same day as the firm revealed its full year results. It recorded a pre-tax profit £11.4 million, a 29.55 percent increase year on year. Revenue was up 6.57 percent year on year to £150.9 million.

The board level changes will result in Hugh Grootenhuis, the former chief executive of Waverton who joined the board of Charles Stanley in July 2017, will become chair of the audit committee. Bridget Guerin will step down as a member of that committee.

Marcia Campbell will step down as a member of the remuneration committee and will become chair of the risk committee (of which she is already a member). Andrew Didham will step down from being chair of the risk committee but will remain a member of this committee.

After the changes the board committees will be as follows:

Audit committee
Hugh Grootenhuis (chair)
Andrew Didham
Marcia Campbell

Nomination committee
Sir David Howard (chair)
Andrew Didham
Hugh Grootenhuis
Bridget Guerin
Marcia Campbell

Remuneration committee
Bridget Guerin (chair)
Andrew Didham
Hugh Grootenhuis

Risk committee
Marcia Campbell (chair)
Andrew Didham
Hugh Grootenhuis
Bridget Guerin

 

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