LONDON - Albion Technology & General VCT PLC has announced the appointment of three new non-executive directors, effective today. Fiona Wollocombe, Swarupa Pathakji, and Simon Thorpe join the board following the merger with Albion KAY VCT PLC, which was placed into members' voluntary liquidation earlier today.
Wollocombe brings a background in equity capital markets and has served as a non-executive director in the venture capital trust (VCT) sector, including roles as Chairman at Amati AIM VCT Plc and Albion KAY VCT PLC. Pathakji has a history in corporate finance and mergers and acquisitions, with current and past non-executive directorships at various companies. Thorpe, a Chartered Accountant with a focus on technology and healthcare investments, has been appointed as Chairman of the Audit and Risk Committee and as the senior Independent (LON:IOG) Director.
In addition to these appointments, David Benda, who joined the Board on June 26, 2023, has been named Chairman of the Remuneration Committee from today. The company also announced the retirement of Margaret Payn, Peter Moorhouse, and Patrick Reeve from the Board.
The new directors will also serve on the company's Audit & Risk, Remuneration, Nomination, and Management Engagement Committees. The Board expressed its anticipation for a close collaboration with the new members and its gratitude to the retiring directors for their service.
These changes come as Albion Technology & General VCT PLC navigates through a period of structural changes following the merger. The information regarding the directorate change is based on a press release statement from the company.
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