LONDON – The Monks Investment Trust PLC (LSE:LON:) has announced upcoming changes to its board of directors, as detailed in a recent press release. Karl Sternberg, who served on the board of directors, will retire after the annual general meeting (AGM) scheduled for September 9, 2025. Sternberg’s departure has already been announced on September 3, 2024.
Randeep Grewal is expected to succeed Sternberg as chairman of the board, nominating committee and management engagement committee after the next AGM. Additionally, the Company announced on January 9, 2025 that Dr. Dina Chaya would resign from her position as Non-Executive Director effective January 31, 2025, due to increased responsibilities in her leadership role.
In response to Dr Chaya’s imminent resignation, the company will begin the process of recruiting an additional non-executive director. The aim is to appoint a new director in time for shareholder approval at the 2025 AGM.
The press release confirms that no further information is required to be disclosed pursuant to paragraph 6.4.6 of the Listing Rules.
The Monks Investment Trust PLC, managed by Baillie Gifford & Co Limited, has taken steps to ensure a smooth management transition and maintain compliance with regulatory standards. The information provided by RNS, the information service of the London Stock Exchange (LON:), indicates the company’s commitment to transparency and compliance with Financial Conduct Authority regulations in the United States. Kingdom (TADAWUL:).
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