Alliance Trust chair Forseke to step down as overhaul continues

Search for external candidate


Karin Forseke is to leave her role as chair of the £2.8bn Alliance Trust on 1 January 2016, as the company begins searching for an external candidate to fill the position.

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...

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