Investors Capital Trust plc Reports Audited Consolidated Earnings Results for the Year Ended March 31, 2013; Announces Board Changes
The company announced Mr. Herschel Post is retiring as a Director of the company following the conclusion of the Annual General Meeting on June 21, 2013. He has served as a Director since the company's launch in 2007 and was a Director of the predecessor company. The Board announced the appointment of Mr. John Evans as a non executive Director of the company with immediate effect. Mr. Evans, who is 55 years old, has worked in the investment management industry for over 30 years. He retired from Aberforth Partners, a specialist investment management firm, in 2011 having been one of its founding partners in 1990. He has managed a range of investment funds and has considerable experience of the investment trust industry. Following the retirement of Herschel Post, Kenneth Shand will become Senior Independent Director and chairman of the Remuneration Committee.