Directorate Change

RNS Number : 4321Y

Investors Capital Trust PLC

22 December 2010

 



Investors Capital Trust plc ('the Company')

Change in Directorate

As indicated in his Chairman's Statement at the half-year, Mr Martin Haldane retires as Chairman and a Director of the Company on 31 December 2010, having been Chairman since the Company's launch in 2007 and the Chairman and a Director of the predecessor company. Mr Iain McLaren has been appointed by the Board as Chairman of the Company with effect from 1 January 2011.

The Board is pleased to announce the appointment of Mrs Julia Le Blan as a non-executive Director of the Company with effect from 1 January 2011. Mrs Le Blan will take over from Mr McLaren as chairman of the Audit Committee on her appointment to the Board.

Mrs Le Blan, who is 56 years old, is a chartered accountant and has worked in the financial services industry for over 30 years.  She retired from Deloitte in 2009, where she had been a Tax Partner since 1990. During that time, she acted as tax adviser to international financial institutions, including clients in banking, securities and fund management and she led the mergers and acquisitions function for financial services tax. She was also the firm's expert on the taxation of investment trust companies.

There is no other information required to be disclosed under section 9.6.13 of the Listing Rules.

Iain McLaren, incoming Chairman of Investors Capital Trust plc, commented:

'I would like to pay tribute to Martin Haldane for the dedicated service and wise counsel he provided to the Company and the predecessor company as both a Director and Chairman and wish him well on his retiral. We are delighted to welcome Julia Le Blan as a Director of the Company and believe that her experience, in particular in financial matters, will contribute significantly to the Board'.

For further information contact:

Michael Campbell                                              Tel: [phone]

F&C Investment Business Limited

Company Secretary

 

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