SQN Secured Income Fund plc announced that after three years in the role of Chairman, Richard Hills decided to step down as a Director of the company and will not seek re-election at the forthcoming AGM. Ken Hillen has been asked by the Board to replace Richard Hills and the company announced that the has agreed to take over as Chairman post the AGM. This, in turn creates a vacancy for the position of Chairman of the Audit and Valuation Committee. Again the company reported that Gay Coley will take over this role post the AGM.