Octopus Future Generations VCT plc announced that Ajay Chowdhury will be joining the Board with effect from 1 March 2024. Ajay is a serial entrepreneur, venture capitalist and author and is currently a senior partner at the Boston Consulting Group. He has been co-founder or CEO of various companies including Shazam (sold to Apple), Seatwave (sold to Ticketmaster) and IDG Ventures Europe, a $100m early stage venture capital fund.

He is currently Chairman of Cambridge Enterprise, Cambridge University?s spin-out arm and has published four detective novels including the award-winning The Waiter. He has an MBA from Wharton, studied theatre directing at the Central School of Speech and Drama and was selected as one of the top 100 BAME business leaders in the UK by The Sunday Times. Ajay will be a member of the Audit Committee, Management Engagement Committee and Remuneration & Nomination Committee with effect from the date of his appointment.

The Company confirms that Emma Davieswill be retiring from the Board on 31 March 2024.