Directorate Change

RNS Number : 9255B

BMO Private Equity Trust PLC

17 February 2022

 

To: Stock Exchange	For immediate release:
	17 February 2022

BMO Private Equity Trust PLC ("the Company")

LEI: 2138009FW98WZFCGRN66

Directorate Change

 

As part of its Board succession plan, the Company announces that Mark Tennant will retire as Chairman at the completion of the Company's 2022 Annual General Meeting ("AGM"). 

Mark Tennant joined the Board in February 2009 and was appointed Chairman in May 2010. He has provided the Company with strong leadership and wise counsel throughout his tenure.  The Company has benefited immensely from his extensive knowledge of the financial sector developed from a distinguished career in the City of London.  On behalf of the Company's Shareholders, the Board thanks Mark Tennant for his valued service and leadership.

Elizabeth Kennedy, Chair of the Company's Audit Committee, noted that "Mark Tennant's contribution to the success and growth of the Company has been immeasurable.  In addition, he has been a passionate advocate of increasing investor awareness to the benefits of private equity investment".

Upon the retirement of Mark Tennant, Richard Gray will be appointed Chairman of the Company.

Richard Gray, who joined the Board in March 2017, is a career investment banker with extensive capital markets and corporate finance experience. He has worked previously with Lazard, Charterhouse and UBS and was Vice Chairman of Panmure Gordon. He is a director of Zeus Capital,  a non-executive director of CVS Group plc, an independent director of Alpha Real Capital and Vice Chairman of Invescore Group. 

It is anticipated that the Company's AGM will be held on 26 May 2022.

For further information please contact:

BMO Private Equity Trust PLC
Hamish Mair (Investment Manager)	0131 718 1000
Scott McEllen (Company Secretary)	0131 718 1000
[e-mail]   /  [e-mail]

 

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