26th Jun 2015 08:42
LONDON (Alliance News) - Templeton Emerging Markets Investment Trust PLC on Friday said Chairman Peter Smith is to step down and will be replaced by current Prudential PLC Chairman Paul Manduca.
Templeton said Smith will step down from the board later this year, with Manduca, who joins as a non-executive director from August 1, to take over when Smith departs.
Templeton Emerging Markets shares were down 0.8% to 516.25 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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