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Standard Chartered board to discuss CEO succession at meeting: sources

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Standard Chartered's board will discuss succession planning at a meeting in Washington, DC, on Thursday, people familiar with the matter said.

[LONDON] Standard Chartered's board will discuss succession planning at a meeting in Washington, DC, on Thursday, people familiar with the matter said.

The meeting is a regularly scheduled meeting, a spokesman for the bank said.

He declined to say what would be on the agenda. But it was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said.

Pressure has built on Mr Sands in recent weeks after a string of problems. Three of the bank's top 30 investors told Reuters in December Sands should be replaced, probably this year, and scrutiny on his position has intensified this week.

REUTERS

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