Directorate Change

RNS Number : 1892T

abrdn Equity Income Trust plc

21 July 2022

 

abrdn Equity Income Trust plc

Legal Entity Identifier (LEI): 549300DN623WEGE2MY04

Appointment of Non-Executive Director

21 July 2022

abrdn Equity Income Trust plc ("the Company") is pleased to announce the appointment of Mark Little as an independent Non-Executive Director of the Company with effect from 1 August 2022.  Mr Little will also join the Company's Audit and Remuneration and Management Engagement Committees and will succeed Sarika Patel as Audit Committee Chair on the conclusion of the Company's Annual General Meeting in February 2023 when Ms Patel will become the Chair of the Board following the scheduled retirement of Mark White.

Mr Little began his career in the investment industry as a fund manager with Scottish Widows Investment Management after qualifying in 1991 as a chartered accountant with Price Waterhouse.  He subsequently worked as Global Head of Automotive Research for Deutsche Bank and Managing Director of Barclays Wealth (Scotland and Northern Ireland), a position that he held for eight years until 2013.

Mr White, Chair commented:

"I am delighted to welcome Mark to the Board. With Sarika succeeding me as Chair and Mark succeeding her as Chair of the Audit Committee, we are now well prepared for my retirement from the Board in February 2023. I look forward to working with them both to ensure a smooth transition."

In accordance with Listing Rule 9.6.13 (1):

Mr Little is currently a Non-executive Director and Audit Committee Chairman of the Majedie Investment Trust Plc, Securities Trust of Scotland Plc and BlackRock Smaller Companies plc.  He was previously Investment Director of Seven Investment Management and a Non-executive Director and Audit Committee Chairman of Sanditon Investment Trust plc.

Mr Little does not have a beneficial interest in any Ordinary shares of the Company.

In respect of Mr Little's appointment, there are no additional disclosures required in accordance with Listing Rule 9.6.13R (2) - (6).

 

END

 

 

BOAMZGZNDGDGZZM