Directorate Change

RNS Number : 7038F

Witan Investment Trust PLC

18 January 2010

 



WITAN INVESTMENT TRUST PLC

18 January 2010

WITAN INVESTMENT TRUST PLC

Appointment of new Chief Executive Officer

Further to the announcement made on the 7 January 2010, Witan Investment Trust plc confirms that Mr Andrew L C Bell will be appointed a director and Chief Executive Officer with effect from the 8 February 2010.  To ensure a smooth transition while this change of executive takes effect, the out-going Chief Executive Officer, Robert Clarke, and Mark Lynam will remain in place for a handover period.  

Andrew's appointment reflects the Board's commitment to a strong investment focus led by the Chief Executive ensuring that the Trust is well placed for continued outperformance. In addition to his role at Witan Investment Trust, Andrew will also be appointed to the Board of Witan Investment Services Limited.

Andrew joins Witan from Rensburg Sheppards where he has been Head of Research since 2003, having joined the company in 2000 after 12 years specialising in investment strategy and equity markets with Barclays de Zoete Wedd and Credit Suisse First Boston. As well as his extensive expertise as an investment professional, Andrew is well-respected within the investment trust industry, being a director of the Association of Investment Companies as well as a non-executive director of both Framlington Innovative Growth Trust plc and Henderson High Income Trust plc. 

The Board would like to thank both Robert and Mark for their contribution and hard work in successfully managing the Company.

- ENDS -

For further information, please contact:

James Frost or Harry Henderson

Witan Investment Trust plc

Telephone: [phone]

Eleanor Mitchell or Hugo Mortimer-Harvey

Quill Communications

Telephone: [phone]

 

END

 

 

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