Alliance Trust has appointed Robert Smith, Lord Smith of Kelvin, as its new chairman.
The move comes after several changes on the board of the trust last year following a shake-up by activist investors Elliott Advisers, which resulted in two new non-executives being appointed last year. Former chairman Karin Forseke announced in November that she would be stepping down on 31 December, leaving the board to seek a new chairman as part of a new strategy for the trust. Lord Smith is expected to take up the position on 1 February, subject to regulatory approval, while Gregor Stewart will become deputy chairman and Karl Stenberg will be senior independent director. He ha...
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