Appointment of Director

RNS Number : 3250O

Utilico Emerging Markets Trust PLC

01 October 2019

 

1 October 2019

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

Appointment of Director

Further to the announcement on 13 June 2019, the Board of Utilico Emerging Markets Trust plc (the "Company") is pleased to announce the appointment of Mr Eric Stobart as an independent non executive director with effect from 1 October 2019.  Mr Stobart will also be appointed Chairman of the Audit Committee.

Mr Stobart has many years of experience in financial services having spent most of his career in merchant and commercial banking, latterly as a senior executive at Lloyds Banking Group. He has extensive experience as a non-executive director and audit and risk committee chair in the financial services sector covering banking, investment management, insurance and pensions.  He was for 12 years chair of the investment committee of the £25 billion Lloyds Bank Pension Scheme as well as having been chair of the audit and risk committee of a substantial investment management group and a director and chair of the audit and risk committee of UIL Limited.  Currently he chairs a Lloyd's insurance business and chairs or is a member of the trustee board of four pension schemes with combined assets of some £3.6 billion.  Mr Stobart is a chartered accountant with an MBA from London Business School.

As at the date of this announcement Mr Stobart has no interests in the shares of the Company.

There are no further details required to be disclosed pursuant to section 9.6.13R of the Listing Rules.

Name of contact and telephone number for enquiries:

ICM Investment Management Limited                                  [phone]

Charles Jillings / Alastair Moreton

Montfort Communications

Gay Collins, Mike Foster, Toto Reissland-Burghart              [phone] / 7907

[e-mail]

 

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