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Albion Crown VCT appoints new non-executive directors

Published 12/20/2024, 12:04 AM

LONDON - Albion Crown VCT PLC has announced the appointment of three new non-executive directors to its Board, effective Thursday. The newly appointed directors, Richard Glover, Ann Berresford, and Richard Wilson, join following the completion of a merger with Albion Venture Capital Trust PLC, which was subsequently placed into members' voluntary liquidation earlier today.

Richard Glover, who has extensive experience in private equity and service sector management, including roles as MD and CEO of the British School of Motoring and a majority shareholder of ATC International, is now the Chairman of Albion Crown VCT and its Nomination Committee. Ann Berresford, a chartered accountant with a substantial background in financial services and energy sectors, has taken the role of Chairman of the Audit & Risk Committee. Richard Wilson, with a long-standing career in asset management, including as CEO of BMO Global Asset Management, has also joined the Board.

The appointments come as James Agnew, the former Chairman, and Tony Ellingham, the former Audit & Risk Committee Chairman, retire from the Board. The Board expressed its gratitude for their service and contributions during their tenure.

Each of the new directors has a history of involvement with Albion Venture Capital Trust PLC, and they will serve on the Company's Audit & Risk, Remuneration, and Nomination Committees. The Board has welcomed the new directors and expressed optimism about working closely with them.

The Company has confirmed that there are no additional disclosures required for the new appointments under the UK Listing Rules.

This management shift represents a strategic step for Albion Crown VCT as it integrates the expertise of the new directors into its operations. The announcement is based on a press release statement from Albion Crown VCT PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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