Resignation of Non-Executive Director

RNS Number : 2784C

BlueCrest AllBlue Fund Ltd

13 March 2014

 



BlueCrest ALLBLUE FUND LIMITED (the "Company")

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The Company announces that Mr. Jonathan Hooley, Independent Non-Executive Director, has resigned from the Company and will leave the Board and step down as Chairman of the Audit Committee with effect from 25 April 2014 in order to concentrate on other commitments.   He has served on the Board since May 2008.

The Board would like to thank Mr. Hooley for his significant contribution to the Company and wish him well for the future.

The Board's intention is to appoint a new Non-Executive Director, who will also be appointed to Chairman of the Audit Committee.  The Company's Nomination Committee has commenced a formal process for identifying an appropriate replacement and an announcement will be made in due course. In selecting the best candidate the Board will use a comparative analysis of candidates' qualifications and experience, applying pre-established clear, neutrally formulated and unambiguous criteria.

When considering suitable candidates the Nomination Committee will be mindful of the Company's policies on diversity, inclusiveness and meritocracy. 

For further information contact:

JTC Fund Managers (Guernsey) Limited

Secretary

Tel: [phone]

13 March 2014

E&OE - in transmission

 

END

 

 

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