LONDON - The Monks Investment Trust PLC (LSE:LON:MNKS) has announced upcoming changes to its board of directors, as detailed in a recent press release statement. Karl Sternberg, who has served on the board, will retire following the Annual General Meeting (AGM) scheduled for September 9, 2025. Sternberg's departure was previously disclosed on September 3, 2024.
Randeep Grewal is set to succeed Sternberg as Chair of the Board, Nomination Committee, and Management Engagement Committee after the forthcoming AGM. Additionally, the company disclosed on January 9, 2025, that Dr. Dina Chaya will resign as a non-executive Director effective January 31, 2025, due to increased responsibilities in her executive role.
In response to Dr. Chaya's impending resignation, the company will begin the process of recruiting an additional Non-Executive Director. The goal is to appoint a new Director in time for shareholder approval at the 2025 AGM.
The press release confirms that there is no further information required to be disclosed under paragraph 6.4.6 of the Listing Rules.
The Monks Investment Trust PLC, managed by Baillie Gifford & Co Limited, has taken steps to ensure a smooth transition of leadership and maintain compliance with regulatory standards. The information provided by RNS, the news service of the London Stock Exchange (LON:LSEG), indicates the company's commitment to transparency and adherence to the Financial Conduct Authority's regulations in the United Kingdom (TADAWUL:4280).
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