Schroders Regulatory News (SDR)

Schroders plc

27 July 2023

Board Changes

Schroders plc (the "Company") today announces that Annette Thomas will join the Board as an Independent Non-executive Director, effective 1 September 2023. She will also join the Nominations Committee and the Remuneration Committee.

Annette currently serves as senior advisor to General Atlantic and as an independent non-executive director with Pearson plc where she chairs the Reputation and Responsibility Committee.

The Company is also announcing that, following his recent appointment as Group CFO of Flutter Entertainment plc ("Flutter"), Paul Edgecliffe-Johnson has informed the Board that he wishes to stand down as an Independent Non-executive Director of the Company effective 31 August 2023 in order to focus on his new role.

Elizabeth Corley, Chair of Schroders, said: "I am delighted to welcome Annette to the Board. Annette is a highly experienced Board member with a long track record of driving growth in the information, data, education and media industries. Her digital, data and analytics expertise will be of great benefit to the Group as we continue to invest in these important areas."

"Paul has made a valuable contribution to the Board and as a member of the Audit and Risk Committee. We will be sorry to see him step down, but understand his need to concentrate fully on his new role at Flutter."

Annette Thomas said: "I am very pleased to be joining the Board in September. Schroders is a business I have long admired and which is making great strides in digital."

Biographical details of Annette Thomas are set out below. There are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with her appointment.

Biographical Details

Annette has a 25-year track record in leading global publishing and data analytics businesses, across academic, educational and consumer media verticals.

Most recently, she served as CEO of Guardian Media Group, a position she held until June 2021. Prior to this, Annette was CEO of the Web of Science Group at Clarivate PLC, a data, analytics and software business focused on research and higher education. She has also served as CEO of Macmillan Publishers and led the digital and global transformation of Nature Publishing Group.

Annette is a non-executive director of EcoVadis, one of the world's largest providers of business sustainability ratings, and OpenClassrooms, one of the largest online education and apprenticeship training platforms in Europe. Her previous non-executive experience includes serving as a Trustee of Yale University, non-executive director at Clarivate PLC, and as a Board member for Cambridge University Press and Cambridge Assessment. She has also previously acted as an advisor to Creative Commons and Bain Capital.

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