Katherine Garrett-Cox, currently chief executive at Alliance Trust Investments (ATI), will step down from the company in early March after nearly a decade.
The move comes during a comprehensive overhaul of the trust, which came under pressure last year following an attack by activist investor Elliott Advisors. This included a radical shake-up of the £2.5bn trust's board, to become "fully independent, comprising solely non-executive directors". It led to Garrett-Cox stepping down from the board of the main trust, but remain as chief executive and director of Alliance Trust Investments (ATI). However, in an announcement this morning, the company said by mutual agreement Garrett-Cox will hand over her chief executive responsibilities at ...
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