Charles Stanley CEO Howard to step down after 40 years

Howard, MD of the business since 1972, CEO since 1988 and chairman since 1999, is willing to continue as non-executive chairman, the company said this morning in a statement. But the EU's Capital Requirements Directive (CRD IV), which came into effect on 1 January, has prompted Howard to relinquish his role as chief executive. "The group's nomination committee, comprising its two independent non-executive directors, has been tasked with the process of identifying Sir David's successor as chief executive," Charles Stanley said. "Consultants have been appointed to work with the nomin...