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Gabelli Value Plus Chair Davie To Step Down Once Replacement Found

1st Aug 2019 16:49

(Alliance News) - Gabelli Value Plus Trust PLC said Thursday that Jonathan Davie will step down as chair with effect from when a replacement is found.

Davie has been part of the trust for three years since 2016. He is also chair at Hansa Trust PLC, and was formerly a non-executive director of FTSE 100 housebuilder Persimmon for eight years from 2009 to 2017.

Gabelli Value will shortly start a process to find a suitable replacement for Davie.

Shares in Gabelli Value Plus closed up 1.4% at 133.31 pence in London on Thursday.

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