27th Nov 2015 07:20
LONDON (Alliance News) - Alliance Trust PLC on Friday said that Karin Forseke, its chair since April 2012, will follow former chief executive Katherine Garrett-Cox in stepping down from the board.
Forseke will step down from the board on January 1, and the role of chair will be filled on an interim basis by Gregor Stewart, a non-executive director since December 2014, until a permanent successor is found.
Alliance Trust is overhauling its governance structure in a move to create a "wholly independent" board, and said that Forseke is stepping down as that process is nearing completion.
By Samuel Agini; [email protected]; @samuelagini
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