Experian Chairman to step down in 2014

Information services company Experian has announced that its Chairman, Sir John Peace, is planning to step down from his role by the July 2014 annual general meeting.

Sir Alan Rudge, Deputy Chairman, said on behalf of the Experian board: "As a founder of the business, Sir John has had a truly remarkable 40 year career at Experian. As Chairman, he has overseen Experian's progress as a publicly listed company and his passion, energy and foresight have been key to shaping the business.

"Sir John's decision to step down forms part of the board's well considered long term succession plan and we will now start the process of appointing his successor."

The company said that Peace's successor will be selected by the Nomination & Corporate Governance Committee.

For his part, Peace said: "I have had the privilege of being part of Experian since the beginning. It has been a huge part of my life and I have worked with many great people. I will leave in the knowledge that the company is in the hands of an experienced, visionary board and management team who will continue to take the business forward."

The share price was up 1.77% at 1,152p by 15:25.

NR