Appointment of new Chairman

RNS Number : 9952S

British Empire Trust PLC

09 October 2017

 

British Empire Trust plc

Appointment of new Chairman

British Empire Trust plc (the "Company") is pleased to announce that Susan Noble, a non-executive Director of the Company since March 2012, will become Chairman following the forthcoming Annual General Meeting on 20 December 2017. Susan succeeds Strone Macpherson, who has been Chairman since December 2007 and a non-executive Director of the Company since December 2002.

Susan Noble has held a number of senior roles in investment management, including Chairman of Alliance Trust Investments and a non-executive director of Alliance Trust PLC. She is currently Chairman of Newton Investment Management and an Associate Director at Manchester Square Partners. Susan was previously a Managing Director of Goldman Sachs Asset Management and Head of European and Global Equities and, prior to that, a director and senior European Portfolio Manager at Robert Fleming Asset Management.

As part of a continuing process of refreshing the Board, the Nomination Committee led by the Senior Independent Director has conducted, with the assistance of executive search consultants, an extensive review both of the Chairman role and of the appointment of additional non-executive Directors. This process resulted in the appointment of Calum Thomson as Chair of The Audit Committee in May 2017 and the changes announced today. The appointment of a further non-executive Director will be announced in due course.

Enquiries:

Quill PR

Fiona Harris

Tel: [phone]

[e-mail] 

Andreea Caraveteanu

Tel: [phone]

[e-mail] 

LEI: 213800QUODCLWWRVI968

 

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