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2 SVB Financial directors retiring

David Clapper and Lata Krishnan will not stand for re-election and will retire from SVB Financial Group's board at the annual meeting of stockholders, which will be held April 26.

In a proxy statement, the Santa Clara, Calif.-based company also disclosed that Kimberly Jabal, a new director nominee, will join the board, subject to stockholder election. Jabal is the CFO of Weebly Inc.

SNL records show that Clapper has been CEO of Minerva Surgical since 2011; Krishnan is CFO of Shah Capital Partners.

SNL is owned by S&P Global Market Intelligence.