The directors of The Merchants Trust Plc announced the retirement of Henry Staunton from the board with effect from December 31, 2014. Henry joined the board in May 2008 and has been the Senior Independent Director since May 2010. Mike McKeon, who is Chairman of the Audit Committee, will succeed Henry as Senior Independent Director from January 1, 2015.

The board announced the appointment of Mary Ann Sieghart and Sybella Stanley as non-executive directors, with effect from November 3, 2014. Mary Ann Sieghart is Chair of the Social Market Foundation and a non-executive director of Henderson Smaller Companies Investment Trust PLC and a director of DLN Digital Ltd. Sybella Stanley is Director of Corporate Finance at Reed Elsevier Group plc, where she manages Reed Elsevier's global mergers and acquisitions programmes, and is a Member of the Department of Business, Innovation and Skills' Industrial Development Advisory Board. Both Mary Ann and Sybella will be members of the Audit Committee, the Nomination Committee and the Management Engagement Committee on appointment.