Alliance Trust chair Forseke to step down as overhaul continues

The move comes as the company implements "the biggest changes in the trust's history", following a public debate over its future with shareholder and activist investor Elliott Advisors.  These include a radical shake-up of the trust's board, which will become "fully independent, comprising solely non-executive directors". As this process near completion, Forseke believes it would be an appropriate time to step down from the trust. Gregor Stewart, who has been a non-executive director of Alliance Trust since December 2014, will take the role of interim chair. As the board has sta...