Standard Life chairman to quit after float - papers 9th January

The paper claims the decision will come as a shock to the financial community because Stewart had been expected to do the opposite — quit the brewer where he has worked for 30 years - to concentrate on helping Standard Life to establish itself in the blue-chip FTSE 100 index. Stewart, who has been chairman of S&N since 2000, must relinquish one of the roles because the Combined Code on corporate governance frowns upon directors holding two FTSE 100 chairmanships. It is understood Standard Life’s flotation prospectus in the spring will say Stewart's plans to stay for a period of no mor...